Prepare a report to the board of directors

Assignment Help Accounting Basics

Reference no: EM133611071

Question: An investment in shares of a socially responsible company was received, with a fluctuating value. The investment's value shifted from $10,000 at the time of receipt to $12,000 at the end of the year. Tickets for a charity gala taking place next year were sold, yielding $7,000. The foundation hired staff, incurring $25,000 in salaries, $3,000 in vacation accruals, and $2,000 in health insurance expenses, which were all paid for during the year.

Required: Prepare a report to the Board of Directors of CommunityCares Foundation, providing them with the guidance they require.

Reference no: EM133611071

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