financial statements and audit report for the organization. Address the following: Evaluate how the selected not-for-profit's financial statements conform to Financial Accounting Standards Board (FASB) guidance in Statement No. 117, Financial Statements of Not-forProfit Organizations. Compare the organization's reporting of pledges and contributions to its reporting of exchange transactions. How should they be recorded and subsequently reported in the financial statements. Explain the impact if your not-for-profit confers excess economic benefits on disqualified persons. Click the Assignment Files tab to submit your assignment. ==============================================
ACC 460 Week 5 Ch. 16 Exercise 16-19 Revenue and Related Transactions FOR MORE CLASSES VISIT www.acc460master.com Complete Exercise 16-19, a and b, p. 679. Click the Assignment Files tab to submit your assignment. Revenue and Related Transactions. During its current fiscal year, Evanston General Hospital, a not-forprofit health care organization, had the following revenue-related transactions (amounts summarized for the year). 1. Services provided to inpatients and outpatients amounted to $9,600,000, of which $450,000 was for charity care, $928,000 was paid by uninsured patients, and $8,222,000 was billed to Medicare, Medicaid, and insurance companies. 2. Donated pharmaceuticals and medical supplies valued at $265,000 were received and utilized as general