1. Donor A gave the nonprofit a cash gift of $50,000 in June, telling the nonprofit the gift could not be used until the next fiscal year. (Identify the affected net asset classification(s) in the joumal entries made both in the current fiscal year and the next fiscal year.) 2. Attorney Howard Gorman volunteered his services to Taconic Singers, a nonprofit. He spent 12 hours preparing contracts for the services of professional singers and 8 hours serving as an usher before performances. Gorman nomally gets $200 an hour for legal services, and Taconic normally pays $8 an hour when it hires ushers. 3. Donor B sent a letter to a nonprofit, saying she would donate $20,000 in cash to the nonprofit, to be used for any purpose the nonprofit's trustees desired, provided the nonprofit raised an equal amount of cash from other donors. 4. Regarding the previous transaction, the nonprofit raised $23,000 in cash from other donors and then notified Donor B of its success in meeting her condition for the gift. 5. Donor C donates to a local museum a work of art having a fair value of $5,000, with the understanding that the museum will sell it at auction and use the funds for its general activities. 6. Donor D advises a university that he has established an irrevocable charitable remainder trust. administered by his attorney, whereby his wife will receive income from the trust as long as she lives. At her death, the remaining trust assets will be distributed to the university as a permanent endowment. The university's actuary estimates the fair value of the university's beneficial interest to be $400.000. 7. As of December 31 , the fair value of investments held in perpetuity by a nonprofit had increased by $30,000..

1. 1. everything you and your team produce for the project 2. tangible outcomes, measurable
results, or specific items that must be produced to consider either the project or the project phase
completed 3. things you produce as you plan and manage the project, including schedules,
budgets, tracking lists, and reports deliverables 4. a visual representation of deliverables that is
used to define product deliverables the project's scope and divides the work into components that
can be scheduled, estimated, and easily monitored and controlled project deliverables work
breakdown structure 5. Each decomposed level (child) must represent 100 percent of the work
anolicable to the next higher
100 percent rule unique identifier WBS dictionary work packages applicable to the next higher
(parent) element. 6. typically a number, assigned to an element in the WBS that will be used to
sum and track costs, schedules, and resources associated with WBS elements 7. a document that
includes information about the source of the deliverables, known requirements, assumptions and
constraints about the deliverable, and any other information the project manager may need to
further plan the project 8. the components of a WBS that can be easily assigned to one person or
a team of people, with clear accountability and responsibility for completing the assignment