The Transactions Described in the Following Questions Occurred in a Voluntary

question 5

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
-Received cash contributions restricted by donors for equipment.

• 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:

Deontological

An ethical theory that suggests actions are morally right based on adherence to rules or duties, regardless of the consequences.

Safest Vehicle

A subjective term often used in consumer information to describe a vehicle that meets or exceeds safety standards and has a low rate of accidents or injuries associated with it.

Intuitionism

A philosophical theory asserting that moral truths are known by intuition, independent of empirical evidence or logical deduction.

Rightness Or Wrongness

Refers to the moral quality of actions, decisions, or behaviors as being morally correct or incorrect.