The Transactions Described in the Following Questions Occurred in a Voluntary

question 48

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
-Income was earned from investments of assets that the board previously designated for plant expansion.

• 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:

Good Health

A state of complete physical, mental, and social well-being, not merely the absence of disease.

Older Adults

Individuals typically aged 65 years and older, often considered the senior population segment.

Industrialized Countries

Nations that are characterized by a significant level of industrialization, having advanced technological infrastructure and a high standard of living.

Independent Living Facility

A residential living setting for elderly or disabled people, who can care for themselves, but opt for a community that provides assistance when necessary.