Contribution revenue: Donations Interest Total WATSON FOUNDATION STATEMENT OF ACTIVITIES For Year Ending December 31, 2020...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/665a062abe6c2_850665a062a5c670.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/665a062b65db4_851665a062b06302.jpg)
Transcribed Image Text:
Contribution revenue: Donations Interest Total WATSON FOUNDATION STATEMENT OF ACTIVITIES For Year Ending December 31, 2020 Net Assets Without Donor Restrictions Net Assets With Donor Restrictions $ 203,000 $ 161,000 $ 0 20,000 6,000 223,000 167,000 0 Investment income Exchange revenues-memberships Total contributions and revenues 20,000 $ 243,000 $ 167,000 $ 0 Net assets released from restrictions 70,000 (70,000) 0 Total contributions, revenues, and net assets released from restrictions $ 313,000 $ 97,000 $ 0 Expenses: Program services-healthcare Salary $ (90,000) Rent (6,000) Advertising (7,500) Utilities (8,000) Depreciation (24,000) Interest (15,000) (150,500) Supporting services-fundraising Rent (3,000) Advertising (3,750) Utilities (4.000) Depreciation (4.000) (14,750) Supporting services-administrative Rent (3,000) Advertising (3,750) Utilities (4,000) Depreciation (12,000) (22,750) Total expenses (188,000) Excess of total contributions, revenues, and net assets released from restriction over expenses Net assets at beginning of year Net assets at end of year 165,000 97,000 400,000 400,000 $ 565,000 $ 497,000 Contribution revenue: Donations Interest Total WATSON FOUNDATION STATEMENT OF ACTIVITIES For Year Ending December 31, 2020 Net Assets Without Donor Restrictions Net Assets With Donor Restrictions $ 203,000 $ 161,000 $ 0 20,000 6,000 223,000 167,000 0 Investment income Exchange revenues-memberships Total contributions and revenues 20,000 $ 243,000 $ 167,000 $ 0 Net assets released from restrictions 70,000 (70,000) 0 Total contributions, revenues, and net assets released from restrictions $ 313,000 $ 97,000 $ 0 Expenses: Program services-healthcare Salary $ (90,000) Rent (6,000) Advertising (7,500) Utilities (8,000) Depreciation (24,000) Interest (15,000) (150,500) Supporting services-fundraising Rent (3,000) Advertising (3,750) Utilities (4.000) Depreciation (4.000) (14,750) Supporting services-administrative Rent (3,000) Advertising (3,750) Utilities (4,000) Depreciation (12,000) (22,750) Total expenses (188,000) Excess of total contributions, revenues, and net assets released from restriction over expenses Net assets at beginning of year Net assets at end of year 165,000 97,000 400,000 400,000 $ 565,000 $ 497,000
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Select an organization that you think should reposition itself in the consumers eye. Identify where it is currently positioned, and make recommendations for repositioning. Explain and defend your...
-
Portfolio Returns and Deviations consider the following information about three stocks: a. If your portfolio is invested 40 percent each in A and B and 20 percent in C, what is the portfolio expected...
-
View History Bookmarks Window Help H Instructions: 1. Journalize each of the April transactions in the two-column journal provided. Record transactions for April 1-15 on page 5 of the journal. Record...
-
On January 1, 2021, you deposited $6,400 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1....
-
Shaughnessy Consulting, LLC currently enjoys a patent on software that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software is Q D = 1080 - 20P....
-
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per...
-
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $30.00 per direct labor-hour and 120% of direct...
-
If you intend to work as a brand marketer, digital marketer, or marketing analyst, the future of third-party cookies is of significant interest to you. Take a stance on viable options: first-party...
-
The purpose of this set of exercises is to provide examples of vector equations which result from balancing nutrients in a diet. Section 1.10 shows how use a vector equation to model a diet with a...
-
Sketch the curve represented by the parametric equations. t/2 b) x = 2 (0- sin 0), y = 1- cos e c)x= 3 cos e, y = 3 sin a) x = t,y e %3!
-
Which method should be used for estimating the value of a company in decline?
-
When a company is bought, is there a control premium?
-
Name the types of companies for which cash flow value is much higher than net asset value.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App