Contracts made by mentally incompetent persons can be

Fritz offers to buy a guitar owned by Holly for twice what she paid for it. She accepts and hands the guitar to Fritz. Holly’s delivery of the guitar is

Rough Waters LLC and Schafer enter into a contract for the delivery of a certain number of river rafts. Until the rafts are delivered and paid for, the parties have

A nonprofit benefited from voluntary services of two attorneys.  One served as a member of the Society’s board of directors, performing tasks comparable to other directors.  During the year, he attended 20 hours of meetings.  The other drew up a lease agreement with a tenant in a building owned by the nonprofit.  She spent five hours on the project.  The billing rate of both attorneys is $200 per hour.  In the year in which the services were provided, the nonprofit should recognize revenues from contributed services of

Under modified accrual, revenues cannot be recognized until they

What are total ending net assets?

Rent paid on an office was $15,000.

Which of the following contributions would be considered without donor restrictions?

Which of the following does NOT occur with fiduciary fund?

What are the total expenses with donor restrictions?