Whole Life Clinic is a VHWO that has three main programs: Drug rehabilitation Alcohol recovery Weight control
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Drug rehabilitation
Alcohol recovery
Weight control
Unrestricted public support received during the period was $35,000; revenues from membership services were $12,000. The following expenses and allocations to program and supporting services are shown for 2019. Whole Life elects to release donor restrictions for property, plant, and equipment over the useful life of the asset.
Temporarily restricted net assets totaled $40,000 on January 1; the unrestricted net asset balance was $22,000. Prepare a statement of activities for the year.
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Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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