Question: sorry its the same question but I post the picture twice I just split the question into 2 photos Exercise: 2 Chapter 3 Date: 11-03-2021

Exercise: 2 Chapter 3 Date: 11-03-2021 Topic: Statement of Operations (Income Statement) List the sources of Revenue mentioned in the Statement of Operations given below. For example you have to write what does social enterprise" mean and how Not for profit organizations generate revenue through social enterprise". Similarly explain the expenses, one by one, given in the following financial statement. NOT-FOR-PROFIT ORGANIZATION STATEMENT OF OPERATIONS For the current Year Ended December 31 Previous Yes 3000 5000 Revenues Government Grants Foundation Grants United Way Grants Fee for Service Contributions Social Enter Fundraising Events Investment income Interest and other Amortation of Duterred Contribution 500 50 920 100 00 120 50 35 15 Expenditures Salaries and Bones Rent and building Oy Office Equipment Marketing and Communications Amortation of Catal Other Total Expenditures 7560 600 4:40 10 50 30 20.000 11 tace of Revenuet Over Expenditures Reply... Exercise: 2 Chapter 3 Date: 11-03-2021 Topic: Statement of Operations (Income Statement) List the sources of Revenue mentioned in the Statement of Operations given below. For example you have to write what does social enterprise" mean and how Not for profit organizations generate revenue through social enterprise". Similarly explain the expenses, one by one, given in the following financial statement. NOT-FOR-PROFIT ORGANIZATION STATEMENT OF OPERATIONS For the current Year Ended December 31 Previous Yes 3000 5000 Revenues Government Grants Foundation Grants United Way Grants Fee for Service Contributions Social Enter Fundraising Events Investment income Interest and other Amortation of Duterred Contribution 500 50 920 100 00 120 50 35 15 Expenditures Salaries and Bones Rent and building Oy Office Equipment Marketing and Communications Amortation of Catal Other Total Expenditures 7560 600 4:40 10 50 30 20.000 11 tace of Revenuet Over Expenditures Reply... Exercise: 2 Chapter 3 Date: 11-03-2021 Topic: Statement of Operations (Income Statement) List the sources of Revenue mentioned in the Statement of Operations given below. For example you have to write what does "social enterprise" mean and how Not for profit organizations generate revenue through social enterprise". Similarly explain the expenses, one by one, given in the following financial statement. NOT-FOR-PROFIT ORGANIZATION STATEMENT OF OPERATIONS For the Current Year Ended December 31 Revenues Government Grants Foundation Grants United Way Grants Fee-for-Service Contributions Social Enterprise Fundraising Events Investment Income Interest and Other Amortization of Deferred Contributions Total Revenues Current Year $000 8,700 530 60 975 170 100 50 35 10 12 10,642 Previous Year 5000 8.150 500 60 920 100 BO 40 35 15 9.914 Expenditures Salaries and Benefits Rent and Building Occupancy Office Equipment Rental Marketing and Communications Amortization of Capital Assets Other Total Expenditures 7,940 1845 490 125 173 24 7.560 1600 440 120 90 30 5 10.602 9.844 Excess of Revenues Over Expenditures 40 70
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