The Transactions Described in the Following Questions Occurred in a Voluntary

question 59

Multiple Choice

The transactions described in the following questions occurred in a voluntary health and welfare organization during the year ended December 31,20X8.For each transaction,indicate its effect(s) on the organization's statement of activities prepared for the year ended December 31,20X8.List all effects of transactions affecting more than one class of net assets.Indicate your choice(s) by entering the letter corresponding to the effects listed here:
Effects of Transactions on Statement of Activities
-Depreciation expense for the year was recorded.

• A)Increases net assets with donor restrictions.
• B)Decreases net assets with donor restrictions.
• C)Increases net assets without donor restrictions.
• D)Decreases net assets without donor restrictions.
• E)Transaction is not reported on the statement of activities.

---

Definitions:

Navigation Pane

A user interface component that provides a structured and easy way to browse different sections or features within an application.

Insert a Hyperlink

The action of adding a link in a digital document that, when clicked, takes the user to another location within the document or to an external website or file.

Move to a Location

Refers to the process or action of changing an object's or entity's position from one place to another.

Insert an Icon

The action of adding graphical symbols or images into a document or application to communicate a specific function, task, or concept.