Accounting Equation Statement Of Activities Homework Help
- November 29, 2017
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- Category: Accounting
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Based on the following data, prepare a Statement of Activities for a nonprofit organization called, Yoga for the Disabled.
Assume that all balances are as of December 31 unless otherwise noted.
Unrestricted support– contribution $335,000,000
Unrestricted support– donated materials $10,000,000
Unrestricted support– donated facilities $8,000,000
Unrestricted and support– donated services– $10,000,000
Unrestricted support- special events $75,000,000
Unrestricted revenues– membership dues $17,300,000
Unrestricted revenues–investment income $34,000,000
Unrestricted gain – gain on sale of equipment $10,000,000
Expenses – education $184,000,000
Expenses — research $103,800,000
Expenses – management and general $151,200,000
Expenses–fundraising $91,000,000
Expenses –direct costs of special events $25,000,000
Expenses – interest $20,000,000
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Restricted support– contributions $275,000,000
Restricted revenues– investment income $35,500,000
Permanently restricted support – contributions $55,000,000
Permanently restricted revenues– investment income $10,500,000
Permanently restricted gain $1,400,000
Unrestricted net assets, January 1 $750,000,000
Temporarily restricted net assets, January 1 $250,000,000
Permanently restricted net assets, January 1 $300,000,000
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