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The following information was excerpted from the records of the East End Golf and Tennis Club, an NFPO. All account balances are as of the fiscal year ended June 30, 2013, except for the net asset balances at the beginning of the year. Prepare a statement of activities for the East End Golf and Tennis Club.Revenues dues.......................... 600,000Revenues golf lessons...................... 80,000Revenues tennis lessons..................... 55,000Expenses golf and tennis pros................... 105,000Other expenses associated with golf courses and tennis courts ........ 475,000Administration expenses...................... 65,000Assessments against members, restricted for capital improvements...... 200,000Net assets released from restriction due to satisfaction of program restrictions.. 70,000Net unrealized and realized gains on temporarily restricted investments ..... 20,000Net assets at beginning of year unrestricted.............. 60,000Net assets at beginning of year temporarily restricted........... 80,000
in terms of classifying frauds under the fraud tree system how does a scheme in which an employee fraudulently orders
How a long-term asset is depreciated can have a rather sharp result, especially for capital-intensive companies. As a result, should property be assigned a life and basis based on its economic value or on its physical life expectancy?
as of january 1 spruce corporation has a deficit in accumulated e amp p of 37500. for tax year current e amp p all of
Depreciation for the first 9 months of 2010 is $6,000. Prepare the journal entries to (a) update depreciation to September 30, 2010 and (b) record the sale of the equipment.
Prepare journal entries to summarize the sales and any aspects of the warranty for 2013. What amount should Cap City report as a liability at December 31, 2013?
She did not take any salary from the business for its first two years of operations. She is now receiving a salary that is 150 percent of what comparable businesses pay their presidents.
laura mcantee was just hired as the assistant treasurer of dorchester stores. the company is a specialty chain store
hatch company has two divisions o and e. during the year just ended division o had a segment margin of 9000 and
Additionally, discuss what you learned about planning an audit and how this was applied in the Apollo Case Study, including results of the planning procedures performed as part of your Apollo assignment. What areas or items did you note that will ..
Depreciation expense was $44,000. Prepare the cash flows from operating activities section of the statement of cash flows.
fashion jeans inc. sells two lines of jeans simple life and fancy life. simple life sells for 85.00 a pair and fancy
an insurance firm agrees to pay you 3310 at the end of 20 years if you pay premiums of 100 per year at the end of each
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