Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 4.00

Maryville Cultural Center

The Maryville Cultural Center recently conducted a successful talent show in which local talent performed for a nominal prize. The talent show is an ongoing major event and is central to the center’s mission. The event raised $4,800 in gross revenue. Expenses related to the event included $1,000 to rent an auditorium, $1,200 to advertise the event, $500 for trophies and other awards for the winner and the runners up, and $100 for printing and mailing tickets. The center believes there was no monetary value received by donors (attendees). To report this event in its statement of activities, the center will report:

a. Special event revenue of $4,800 and special event expense of $1,500.

b. Special event revenue of $4,800 and fund-raising expense of $1,300.

c. Special event revenue of $2,300 and fund-raising expense of $1,300.

d. Both a and b are correct.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 11:07 PM My Price 4.00

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