The Transactions Described in the Following Questions Occurred in a Voluntary

question 92

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
-Acquired equipment with all of the contributions previously received from donors for equipment purchases.

• 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.

Recognize the impact of job stress on paralegals and strategies for mitigation.

Identify the software and tools paralegals should be familiar with to be successful in their roles.

Distinguish between the role of paralegals in various settings, including corporate law, litigation, and specific law practices.

Understand the concept of adverse selection in health insurance and its implications.

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Definitions:

Wagner Act

A foundational piece of US labor law that established the rights of employees to unionize, engage in collective bargaining, and take collective action, including strikes.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working conditions.

Strike

A collective action taken by employees refusing to work, aiming to gain concessions from their employer, typically related to wages, benefits, or working conditions.

Wrongful Acts

Actions or behaviors that are illegal or morally incorrect.