The 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 30,2017,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 30,2017.

Question

The 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 30,2017,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 30,2017.

Quizplus · Accepted Answer

The Answer of The 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 30,2017,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 30,2017.

The Following Information Was Taken from the Accounts and Records