The following information was taken from the accounts and records of the Helping Hands Foundation, a private, not-for-profit organization classified as a VHWO.All balances are as of June 30, 2011, unless otherwise noted.
The unrestricted support from contributions was received in cash during the year.The expenses included $1,350,000 paid from temporarily-restricted cash donations.
Required:
Prepare Helping Hands' Statement of Activities for the fiscal year ended June 30, 2011.

Question

The following information was taken from the accounts and records of the Helping Hands Foundation, a private, not-for-profit organization classified as a VHWO.All balances are as of June 30, 2011, unless otherwise noted.
  The unrestricted support from contributions was received in cash during the year.The expenses included $1,350,000 paid from temporarily-restricted cash donations.
Required:
Prepare Helping Hands' Statement of Activities for the fiscal year ended June 30, 2011.

Quizplus · Accepted Answer

The Answer of The following information was taken from the accounts and records of the Helping Hands Foundation, a private, not-for-profit organization classified as a VHWO.All balances are as of June 30, 2011, unless otherwise noted.
  The unrestricted support from contributions was received in cash during the year.The expenses included $1,350,000 paid from temporarily-restricted cash donations.
Required:
Prepare Helping Hands' Statement of Activities for the fiscal year ended June 30, 2011.

The Following Information Was Taken from the Accounts and Records