The Following Information Was Taken from the Accounts and Records

question 32

Essay

The following information was taken from the accounts and records of the Community Chest Foundation,a private,not-for-profit VHWO organization.All balances are as of December 31,2011,unless otherwise noted.
The unrestricted support from contributions was received in cash during the year.The expenses included $980,000 paid from temporarily-restricted cash donations.
Required:
Prepare Community Chest's Statement of Activities for the year ended December 31,2011.

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Definitions:

FSH/LH Surges

A rapid increase in the levels of Follicle-Stimulating Hormone and Luteinizing Hormone, which triggers ovulation in females.

Ovulation

The release of an egg from one of the ovaries, a critical phase in the menstrual cycle involved in reproduction.

Menstruation

The monthly shedding of the lining of the uterus (endometrium) that results in bleeding from the vagina, part of the female reproductive cycle.

Estrogen

A group of steroid hormones that promote the development and maintenance of female characteristics of the body.