Recast the Statement of Activities of the American Red Cross in the pancake format shown in Illustration.
Question:
Recast the Statement of Activities of the American Red Cross in the “pancake†format shown in Illustration.
See accompanying notes to the consolidated financialstatements.
The American National Red Cross Consolidated Statement of Activities Year ended June 30, 20X1 (with summarized information for the year ended June 30, 20X0) (In thousands) Temporarily Permanently Totals Unrestricted Restricted Restricted 20xi 20X0 Operating revenues and gains: Contributions: Corporate, foundation and individual giving United Way and other federated Legacies and bequests Services and materials $ 227,442 $458,505 36,203 75,070 8,063 15,174 20,098 S685,947 813,928 -111,273 119,825 51,453 22,032 35,272 34,888 Products and Services: Biomedical 2,189,663 -2,189,663 2.200,550 139222 145,326 Program materials Contracts, including federal 112,804 112,804 89,282 49,584 48,595 65,222 59,545 government Investment income (Note 8) Other revenues Net assets released from restrictions 1933930,245 64,429 793 704,812 (704,812) 111,993 22,032 3,470,535 3,604,435 Total operating revenues and gains Operating expenses: Program services: Services to the Armed Forces Biomedical services (Note 12) Community services Domestic disaster services Health and safety services International relief and 57,403 2,195,108 90,558 282,974 203,735 57,403 65,300 2,195,108 2,194,789 90,558 105,278 282,974 268,864 203,735 216,946 340,106 250,993 development services Total program services Supporting services: 340,106 3.169 884 3,169 884 3,102,170 -127,019130,193 142,682 138,472 268,665 3439 5853,439585 3.370,835 Change in net assets from operations 120,911 (111,93) 22,032 30,950 233,600 901 193,157 138,497 Fund raising 142,682 269.701 Management and general 269,701 Total supporting services Total operating expenses Nonoperating gains, net (Notes 5 and 8) Pension-related changes other than 7704798,209 17, net periodic benefit cost (Note 10) 85.676 206,887 13,784) 39,933 233,036 286,421 448,142884,910 25,835 1,958,887 1,672,466 655,029 871,126 665,768 $2,191,923 $1,958,887 8,929 Change in net assets Net assets, beginning of year Net assets, end of year
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The American Red Cross Statement of Activities Year Ended June 30 20X1 in thousands Changes in Unrestricted Net Assets Operating revenues and gains Co...View the full answer
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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Financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term \"consolidated\" in financial statement reporting. Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries.
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