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Consider the CPA Canada Handbook’s definition of NFPO and the non-profit classification as defined by CRA. Which of the following payments to a member is an acceptable expenditure?

Which of the following is an example of an “operational policy” in an NFPO?

Net assets invested in capital assets presented under the deferral method is considered an external restriction.

Prepare journal entry for the following transactions that occurred during fiscal 2024 assuming Kids Klub follows the deferral method.   On April 15th, a high-profile donor provided Kids Klub with $100,000 to be permanently maintained and invested in government bonds.  The investment amount went straight into a long term investments account.                 2024 Date Account Titles Debit Credit 15-Apr  Provide the account name in the first space below.           100,000          Provide the account name in the second space below.               100,000 When choosing account names, refer to the listing of accounts that was provided at the top of the quiz. Ensure you spell the account name properly.

Kids Klub plans to have five board members, two operations staff, multiple volunteers and one finance professional employed at start up. Part a. Provide three entity-wide controls that the organization can use to improve their overall control environment. (3 marks) Part b. Explain why having detective controls will be such an important component to their internal control system. (2 marks)

ABC Charity has decided to dissolve because it is no longer receiving the donations necessary to adequately fund its objectives. Which of the following statements is true when a NFP elects to dissolve?

What criteria must be met for a not-for-profit organization to record donated materials and services?

Prepare journal entry for the following transactions that occurred during fiscal 2024 assuming Kids Klub follows the deferral method.   On January 31st, a $600,000 grant was approved by the provincial government that will be received by Kids Klub on March 28th.  The government specified that $500,000 of the grant must be used to fund the construction of the new facility, the remainder can be used at the board’s discretion.                2024 Date Account Titles Debit Credit 31-Jan  Provide the account name in the first space below.            600,000        Provide the account name in the second space below. 500,000        Provide the account name in the third space below.               100,000 When choosing account names, refer to the listing of accounts that was provided at the top of the quiz. Ensure you spell the account name properly.

Galdos’ novels are generally known for …

In Marianela,  what does Teodoro Golfín represent and what does his character add to the work and its theme?