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, 2014, 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, 2014.
Definitions:
Economic
Relating to the production, consumption, and transfer of wealth within a society.
Lack Of Control
A situation or feeling where one has no power or influence over events or their own actions, reminiscent of reduced feelings of control but from a more general perspective.
Parenting Practices
The behaviors and strategies used by parents to raise their children, which can vary widely across cultures and families.
Visitations
Scheduled times set by court order for a non-custodial parent or other family members to visit with a child.
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