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Help & Save is a private not-for-profit entity that operates in Kansas. Swim For Safety is a private not-for-profit entity that operates in Missouri. The
Help \& Save is a private not-for-profit entity that operates in Kansas. Swim For Safety is a private not-for-profit entity that operates in Missouri. The leaders of these two organizations have decided to combine forces on January 1,2020, in order to have a bigger impact rom their work. They are currently discussing ways by which this combination can be created. The following are statements of inancial position for both charities at that date. The buildings and equipment reported by Help \& Save have a fair value of $1,014,000. The buildings and equipment reported by Swim cor Safety have a fair value of $806,000. Assume that these two organizations are combined into a new private not-for-profit entity to be known as Help-Swim-Save. A new joverning body will be formed to manage and operate this new organization. What balances will appear on the statement of financial osition immediately after control is gained
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