Match the transactions on the left with their effects on the statement of changes in net assets on the right for a private, not-for-profit hospital.

Transactions

1.Billed patients for services rendered.

2.Realized a gain from the sale ofpermanently invested securities.

3.Recorded depreciation expense for theyear.

4.Designated assets for plant expansion.

5.Received restricted contributions forresearch activities received.

6.Restricted contributions for equipmentacquisition.

7.Acquired equipment with all contributionsin item 6 received.

8.Earned endowment income. The donorplaced no restrictions on the investmentearnings.

9.Expended 50 percent of the contributions initem 5 restricted for research.

10.Received cash contribution from donor whostipulated the contribution be permanentlyinvested.

11.Acquired investments with cash received initem 10.

12.Received tuition revenue from hospitalnursing program and cash from sales ofgoods in the hospital gift shop.

Effects of Transactions on Statements of Changes in Net Assets

A.Increases net assets without donor restrictions

B.Decreases net assets without donor restrictions

C.Increases net assets with donor restrictions

D.Decreases net assets with donor restrictions

E.Does not affect the statement of changes in net assets