Hello,

I would like to know if I could help with question 2 in Financial Management for Public Health and Not for profit organziations 4^th edition:

Lafayette Film Center (LFC) is a not-for-profit theater that plays independent films. In addition to revenue from theater admissions, LFC relies on concession and caf sales, grants and other external support, theater rental sales, and proceeds from special events and other programs that not only promote appreciation for independent films, but also generate grants and contributions. LFCs new executive director has asked you, as the director of finance, to provide an analysis of the organizations financial position. Refer to Exhibits 15-8 through 15-11, which present LFCs statements of financial position, statements of activities, statements of functional expenses, and statements of cash flows for the years ended December 31, 2014 and 2013.

2.) How much of LFCs temporarily restricted net assets were reclassified as unrestricted in 2014? Where can this be found in the statements of financial position and statements of activities?