The bookkeeper of the West Texas Zoological and Botanical Society, a nongovernment ONPO, prepared the following Balance
Question:
The bookkeeper of the West Texas Zoological and Botanical Society, a nongovernment ONPO, prepared the following Balance Sheet:
Additional Information
1. The Endowment Fund consists solely of investments, except for $50,000 of cash, and has no liabilities. 2. Restricted operating gifts include $115,000 cash, the pledges receivable, and $25,000 of accounts payable, in addition to investments. 3. The deferred support and deferred capital contributions relate to unconditional pledges collected.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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