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Preparation of financial statements for a not-for-profit organization Following is financial data for the Center for Music and Health Studies, a not-for profit organization investigating
Preparation of financial statements for a not-for-profit organization Following is financial data for the Center for Music and Health Studies, a not-for profit organization investigating the benefits of music in the treatment of illness. Given this information, prepare the statement of activities and the statement of financial position. Instructions: - Round answers to the nearest whole number, when applicable. - Use a negative sign to indicate a decrease in net assets or the release of net assets for restriction. - Round answers to the nearest whole number, when applicable. - Use a negative sign to indicate a decrease in net assets or the release of net assets for restriction
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