can i please have part B and C answered please . my non-profit is...
70.2K
Verified Solution
Link Copied!
Question
Accounting
can i please have part B and C answered please .
my non-profit is a homeless shelter and it is located in Georgia FYI .
thank you
Ine mal project tor this course is the mypotnetical creation or a nonpront organization. ine suomission represents an autnentic demonstration of competency because it addresses all major considerations needed to establish and run a nonprofit organization. in Milestone Two, you will focus on the yearly reporting and filing requirements needed at both the federal and state levels fo maintain nonprofit status for the nonprofit you created in Milestone One: Establishing Your Nonprofit. In this milestone, you will create financial reports including a Statement of Activities, Statement of Financial Position, and Statement of Cash Flows for your nonprofit's second year of operations using the provided data sets. Please refer to the Milestone Two Supplemental Instructions for additional information on how to create these Exiel statements. For your final project (due in Module Seven). you will make any revisions to your calculations in your Einal Project Workbook based on instructor feedback. Remember to save your work so that you can easily make these feedback revisions! Additionally, you will use the data that you created in the financial reports to populate your nonprofit's budget and financial analysis for the final project. Prompt Address the critical elements listed below. IL. Reporting and Filing A. Create financial reports for your second year of operations. - Use the provided data in the Final Project Workbook to address the following: - Create a Statement of Financial Position. - Create a Statement of Activities. - Create a Statement of Cash Flows. B. Explain where you will have to submit your financial reports. C. Discuss your annual filing requirements needed to keep the nonprofit status. - Identify federal legal filing requirements. - Identify federal tax requirements. - Identify state legal filing requirements. - Identify state tax requirements. Use your identified state requirements and support your discussion withrelevant resources
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!