Thanks.
The following information applies to the cuestions played below For a number of years are not for profitetty has been preparing francia that do not conform 19 05 genewlywed counting princ ples. At the end of the most recent year (Year 2 the financial statements show totales of $900.000 es of $100 Cowhout donction of $400.000, and meets with donor restrictions of $400.000 This last Category is composed of 5300000 ssets purpose icons and $100.000 este permanently held at the end of Yeart financial statements show total assets of $700.000 bities of 560.000.net assets thout notion of $340000, and networn of 300.000 This story is composed of $220.000 inossets with purpose restrictions and $80.000 in nettsthat must be permanente Toalexperts for $500 000 and reported under without donar restrictions. Each port hat follows should be vewed as an independent situation References Section Break Problem 13:45 Static 9. Avd700 points Assume that this entity is a private college that charged its students $560.000 foton in Year of the provided $140.000 in financial ad The $600 000 was reported as revenue. The $100.000 was reported as an expense. Both of these amounts were included in the net assets without donar restrictions Required: 3. What is the appropriate amount that should be reported as net assets without donar restrictions at the end of Year 2? Netts without donar restrictions to be reported 1). What is the appropriate amount that should be reported as expenses for Year 27 Expenses to be reported The following information applies to the cuestions played below For a number of years are not for profitetty has been preparing francia that do not conform 19 05 genewlywed counting princ ples. At the end of the most recent year (Year 2 the financial statements show totales of $900.000 es of $100 Cowhout donction of $400.000, and meets with donor restrictions of $400.000 This last Category is composed of 5300000 ssets purpose icons and $100.000 este permanently held at the end of Yeart financial statements show total assets of $700.000 bities of 560.000.net assets thout notion of $340000, and networn of 300.000 This story is composed of $220.000 inossets with purpose restrictions and $80.000 in nettsthat must be permanente Toalexperts for $500 000 and reported under without donar restrictions. Each port hat follows should be vewed as an independent situation References Section Break Problem 13:45 Static 9. Avd700 points Assume that this entity is a private college that charged its students $560.000 foton in Year of the provided $140.000 in financial ad The $600 000 was reported as revenue. The $100.000 was reported as an expense. Both of these amounts were included in the net assets without donar restrictions Required: 3. What is the appropriate amount that should be reported as net assets without donar restrictions at the end of Year 2? Netts without donar restrictions to be reported 1). What is the appropriate amount that should be reported as expenses for Year 27 Expenses to be reported
