Question
A trust fund of Bruge City received $100,000 from a donor during the year ended June 30, 20X9. During the year ended June 30, 20X9,
A trust fund of Bruge City received $100,000 from a donor during the year ended June 30, 20X9. During the year ended June 30, 20X9, $94,000 of the cash received was used to provide food and clothing to the city's poor. How should the trust fund report these resource flows on its statement of changes in fiduciary net position for the year ended June 30, 20X9?
A trust fund of Bruge City received $100,000 from a donor during the year ended June 30, 20X9. During the year ended June 30, 20X9, $94,000 of the cash received was used to provide food and clothing to the city's poor. How should the trust fund report these resource flows on its statement of changes in fiduciary net position for the year ended June 30, 20X9?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1119411482
