Match the transactions on the left with their effects on the statement of changes in net assets
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Effects of Transactions on Statement of Changes in Net Assets A. Increases unrestricted Transactions 1. Billed patients for services rendered. 2. Realized a gain from the sale of permanently net assets invested securities. 3. Recorded depreciation expense for the year 4. Designated assets for plant expansion. 5. Received restricted contributions for research activities received. 6. Restricted contributions for equipment acquisition. 7. Acquired equipment with all contributions in item 6 received. 8. Earned endowment income. The donor placed no B. Decreases unrestricted net assets C. Increases temporarily restricted net assets D. Decreases temporarily restricted net assets E. Increases permanently restricted net assets F. Decreases permanently restricted net assets G. Does not affect the 9. Expended 50 percent of the contributions in item 5 10. Received cash contribution from donor who stipulated the 11. Acquired investments with cash received in item 10. restrictions on the investment earnings restricted for research. contribution be permanently invested. statement of changes in net assets 12. Received tuition revenue from hospital nursing program and cash from sales of goods in the hospital gift shop
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Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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