Accounting版 - CPA NFP Question (from Becker Review Master) |
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a***i
发帖数: 39 | 1 A not-for-profit organization receives $150 from a donor. The donor
receives two tickets to a theater show and an acknowledgment in the theater
program. The tickets have a fair market value of $100. What amount is
recorded as contribution revenue?
Answer is $50.
看不懂解析．请那位大牛指点一下．多谢． | J******4
发帖数: 333 | 2 I don't think we need more explanation about the answer. $100 of $150 is not
contribution because the donor got two tickets with the value of $100. That
means the nonprofit organization paid back $100. Therefore, the nonprofit
org only received $50 contribution.
theater
【在 a***i 的大作中提到】
: A not-for-profit organization receives $150 from a donor. The donor
: receives two tickets to a theater show and an acknowledgment in the theater
: program. The tickets have a fair market value of $100. What amount is
: recorded as contribution revenue?
: Answer is $50.
: 看不懂解析．请那位大牛指点一下．多谢．
| p********g
发帖数: 127 | 3 what section of the CPA is this tested on? | c*********0
发帖数: 35 | |
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