Statement of activities for a nonprofit The following information was excerpted from the records of a...
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Statement of activities for a nonprofit The following information was excerpted from the records of a nonprofit. All account balances are as of the fiscal year ended June 30, except for the net asset balances at the beginning of the year. Prepare a statement of activities for the nonprofit. Fiscal Year account and net asset balances Contribution revenue (without donor restrictions) Contribution revenue (with donor restrictions) Investment return, net (without donor restrictions) Amount $77,400 72,000 4,500 Investment return, net (with donor restrictions) 13,500 Expenses-Program A 20,700 Expenses-Program B 23,400 Expenses-Management and general 3,600 Expenses-Fundraising 1,800 Net assets with donor restrictions-Reclassifications out- Satisfaction of program restrictions 15,300 Net assets without donor restrictions-Reclassifications in- Satisfaction of program restrictions Net assets at beginning of year-without donor restrictions Net assets at beginning of year-with donor restrictions 15,300 72,000 162,000 Note: Use negative sign with answer for Net assets released from restrictions under Revenues and Other Support, when appropriate. Statement of activities for a nonprofit The following information was excerpted from the records of a nonprofit. All account balances are as of the fiscal year ended June 30, except for the net asset balances at the beginning of the year. Prepare a statement of activities for the nonprofit. Fiscal Year account and net asset balances Contribution revenue (without donor restrictions) Contribution revenue (with donor restrictions) Investment return, net (without donor restrictions) Amount $77,400 72,000 4,500 Investment return, net (with donor restrictions) 13,500 Expenses-Program A 20,700 Expenses-Program B 23,400 Expenses-Management and general 3,600 Expenses-Fundraising 1,800 Net assets with donor restrictions-Reclassifications out- Satisfaction of program restrictions 15,300 Net assets without donor restrictions-Reclassifications in- Satisfaction of program restrictions Net assets at beginning of year-without donor restrictions Net assets at beginning of year-with donor restrictions 15,300 72,000 162,000 Note: Use negative sign with answer for Net assets released from restrictions under Revenues and Other Support, when appropriate.
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