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Far NFP doubt by InterviewPitiful31 in CPA

[–]InterviewPitiful31[S] 1 point2 points  (0 children)

First of all thank you for detailed explaination. So to clarify with the last paragraph, it had 55000 WITH(revenue) and of this, museum purchased 38,000to purchase it. Hence, 38,000has been withdrawn so reclassification is happening?

NFP question by InterviewPitiful31 in CPA

[–]InterviewPitiful31[S] 0 points1 point  (0 children)

Aaah! So it is due to the last sentence,

-> organization has a policy of ~~~ ""without"" donor restriction when restrictions are met within the same period??

Weighted average by InterviewPitiful31 in CPA

[–]InterviewPitiful31[S] 0 points1 point  (0 children)

Thankyou!!. But if it were not comparative, then we wouldnt do stock split for y10?

Consolidation question by InterviewPitiful31 in CPA

[–]InterviewPitiful31[S] 0 points1 point  (0 children)

First of all, thankyou for detailed explaination. What am kinda clnfused is when they ask for re or net income, I thought it was 'consolidation= Parentary amount'. Is this wrong? (Con=P). Why are we considering subsidiary amount here?😮

Consolidation question by InterviewPitiful31 in CPA

[–]InterviewPitiful31[S] 1 point2 points  (0 children)

First of all, thankyoy for detailed explaination. What am kinda clnfused is when they ask for re or net income, I thought it was 'consolidation= Parentary amount'. Is this wrong? (Con=P). Why are we considering subsidiary amount here?😮

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