The Transactions Described in the Following Questions Occurred in a Voluntary

question 20

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
-Expended 75 percent of the contributions previously received from donors for research.

• 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:

Total Units

The complete count of individual items or goods that are present in a given context or produced by a process.

Units Started

The number of units of production that have begun the manufacturing process within a period.

Beginning Work in Process

The value of goods in the production process at the start of an accounting period.

Total Units

The complete quantity or number of units of a product or service, including all that have been produced or are available.