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Research to cure disease .. Fund-raising costs.... Work to help disabled Administrative salaries.. $60,000 40,000 90,000

Research to cure disease .. Fund-raising costs.... Work to help disabled Administrative salaries.. $60,000 40,000 90,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A voluntary health and welfare entity has the following expenditures:

How should the charity report these items?

a.   Program service expenses of $100,000 and supporting service expenses of $160,000.

b.   Program service expenses of $160,000 and supporting service expenses of $100,000.

c.   Program service expenses of $170,000 and supporting service expenses of $90,000.

d.   Program service expenses of $190,000 and supporting service expenses of $70,000.

Research to cure disease .. Fund-raising costs.... Work to help disabled Administrative salaries.. $60,000 40,000 90,000
Transcribed Image Text:Research to cure disease .. Fund-raising costs.... Work to help disabled Administrative salaries.. $60,000 40,000 90,000
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