Cancer Educators, a not-for-profit organization, incurred costs of $20,000 when it combined program functions with fund-raising functions. Which of the following cost allocations might Cancer report in its statement of activities? A.) Program $0, Fund Raising $16,000, and General $4,000 B.) Program $0, Fund Raising $0, and General $20,000 C.) Program $16,000, Fund Raising $2,000, and General $2,000 D.) Program $10,000, Fund Raising $10,000, and General $0
Cancer Educators, a not-for-profit organization, incurred costs of $20,000 when it combined program functions with fund-raising functions. Which of the following cost allocations might Cancer report in its statement of activities? A.) Program $0, Fund Raising $16,000, and General $4,000 B.) Program $0, Fund Raising $0, and General $20,000 C.) Program $16,000, Fund Raising $2,000, and General $2,000 D.) Program $10,000, Fund Raising $10,000, and General $0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cancer Educators, a not-for-profit organization, incurred costs of $20,000 when it combined program functions with fund-raising functions. Which of the following cost allocations might Cancer report in its statement of activities?
A.) Program $0, Fund Raising $16,000, and General $4,000
B.) Program $0, Fund Raising $0, and General $20,000
C.) Program $16,000, Fund Raising $2,000, and General $2,000
D.) Program $10,000, Fund Raising $10,000, and General $0
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