Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AS 0 P = HW 7 (student) - Word Brooke Sims 2 - 0 x File Home Insert Design Layout References Mailings Review View Help

image text in transcribedimage text in transcribed

AS 0 P = HW 7 (student) - Word Brooke Sims 2 - 0 x File Home Insert Design Layout References Mailings Review View Help Foxit PDF Tell me Share Pages Pictures Online Pictures Shapes illustrations E de a+ Table Links Text Symbols | Add- ins Online Video Media Comment Header & Footer Comments Tables 3. The following information was drawn from the accounts and records of the Kindness Cooperative, a nongovernment ONPO. The balances are as of December 31, 20X7, unless otherwise noted. Contribution Revenues without Donor RestrictionsContributions Contribution Revenues without Donor RestrictionsDonated Materials Contribution Revenues without Donor Restrictions-Donated Facilities Contribution Revenues without Donor Restrictions-Donated Services Special Events Revenues without Donor Restrictions Revenues without Donor RestrictionsMembership Dues Investment Income without Donor Restrictions Unrestricted GainGain on Sale of Equipment without Donor Restrictions Expenses-Education Expenses-Research Expenses-Management and General Expenses-Fundraising Expenses-Direct Costs of Special Events Expenses Interest Contributions with Donor RestrictionsPrograms Investment Income with Donor RestrictionsPrograms Contributions with Donor RestrictionsPerpetual Endowments Investment Income with Donor Restrictions-Perpetual Endowments Net Assets without Donor Restrictions, January 1, 20X7 Net Assets with Donor Restrictions, January 1, 20X7 $335,000,000 10,000,000 8,000,000 10,000,000 75,000,000 17,300,000 34,000,000 10,000,000 184,000,000 103,800,000 151,200,000 91,000,000 25,000,000 20,000,000 275,000,000 35,500,000 55,000,000 11,900,000 750,000,000 550,000,000 In addition to the contributions without donor restrictions of $335 million, $100 million of unrestricted pledges outstanding at the beginning of 20X7 were collected during the year. All the expenses for research were financed from resources restricted for specific research projects, $110 million of construction expenditures and equipment purchases were financed from resources donor-restricted for those purposes. Prepare the kindness Cooperative's Statement of Activities for 20X7 in good form. Assume that all restrictions are donor restrictions. Page 2 of 4 519 words DE D E E. - - + 100% HW 7 (student) - Word 0 A SUR = File Home Insert Design Brooke Sims View Help Foxit PDF - Tell me x Share Layout References Mailings Review Pages Table Pictures E Online Pictures ill Shapes + illustrations Links Text Symbols Add- ins Online Video Media Comment Header & Footer Comments Tables Kindness Cooperative Statement of Activities For the year ended 20x7 Page 3 of 4 519 words DE 9 E E -_ + 100%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

HR Audit Audit Your Most Precious Resources

Authors: DR. SIBRAM NISONKO

1st Edition

197357120X, 978-1973571209

More Books

Students also viewed these Accounting questions