The Transactions Described in the Following Questions Occurred in a Voluntary

question 1

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
-Incurred fund-raising costs.

• 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.

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Definitions:

Brief Events

refers to small or short-duration occurrences or activities that can have significant impacts or implications in a specific context.

Emotions

Emotions are complex psychological states involving thoughts, feelings, behavioral responses, and a degree of pleasure or displeasure.

Three Components

This term is too vague without context; it could refer to various models that include three distinct elements or phases.

Attitudes

Mental positions or feelings towards a person, object, or idea, which can influence an individual's reactions and behaviors.