Assessment
Question 1
Donations in cash are easy to measure. What is the treatment that not-for-profit organizations use for donated goods and services?
Your response must be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Question 2
How does the accounting industry define a not-for-profit organization and a voluntary health and welfare organization (VHWO)?
Your response must be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Question 3
Distinguish between the way investor owned and not-for-profit healthcare organizations treat investments.
Your response must be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Question 4
To what extent do not-for-profit organizations have the ability to choose among the following:
a. using depreciation,
b. ignoring depreciation,
c. maintaining building and equipment on the balance sheet at their original cost,
d. showing such assets at their market value,or
e. completely charging such assets such as expenses in the year acquired?
Your response must be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.