Question: A nongovernment VHWO or ONPO has the following resources Resources

A nongovernment VHWO or ONPO has the following resources:
Resources restricted for use in future years but not
restricted to a specific purpose . . . . . . . . . . . . . . . . . . . . . . $ 1,300,000
Unrestricted resources designated for plant
expansion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000
Undesignated, unrestricted resources . . . . . . . . . . . . . . . . . . . 9,000,000
Resources restricted by donors for:  
Scholarships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000,000
Research . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000,000
Plant expansion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000,000
Term endowments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000
Permanent endowments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000,000
Resources invested in fixed assets (net of related
accumulated depreciation and debt) . . . . . . . . . . . . . . . . . . 17,000,000
Resources restricted by bond indenture
for plant expansion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500,000

Required
Prepare the net assets section of the Balance Sheet for this nongovernment VHWO or ONPO.


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  • CreatedOctober 25, 2014
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