following information was taken from the accounts and records of the ABC Foundation, a private, not-for-profit organization.All balances are as of June 30, 2014, unless otherwise noted.
The unrestricted support from contributions was received in cash during the year.The expenses included $500,000 payable from donor-restricted resources.
Required:
Prepare ABC's statement of activities for the fiscal year ended June 30, 2014.

Question

following information was taken from the accounts and records of the ABC Foundation, a private, not-for-profit organization.All balances are as of June 30, 2014, unless otherwise noted.  
The unrestricted support from contributions was received in cash during the year.The expenses included $500,000 payable from donor-restricted resources.
Required:
Prepare ABC's statement of activities for the fiscal year ended June 30, 2014.

Quizplus · Accepted Answer

The Answer of following information was taken from the accounts and records of the ABC Foundation, a private, not-for-profit organization.All balances are as of June 30, 2014, unless otherwise noted.  
The unrestricted support from contributions was received in cash during the year.The expenses included $500,000 payable from donor-restricted resources.
Required:
Prepare ABC's statement of activities for the fiscal year ended June 30, 2014.

Following Information Was Taken from the Accounts and Records of the ABC