The following information was drawn from the accounts

and records
The following information was drawn from the accounts and records of the Kindness
Cooperative, a nongovernment ONPO. The balances are as of December 31, 20X7, unless
otherwise noted.Unrestricted Support—Contributions . . . . . . . . . . . . . . . . . . . . .
.$335,000,000Unrestricted Support—Donated Materials . . . . . . . . . . . . . . . . . .
10,000,000Unrestricted Support—Donated Facilities . . . . . . . . . . . . . . . . . . .
8,000,000Unrestricted Support—Donated Services . . . . . . . . . . . . . . . . . . . .
10,000,000Unrestricted Support—Special Events . . . . . . . . . . . . . . . . . . . . . .
75,000,000Unrestricted Revenues—Membership Dues . . . . . . . . . . . . . . . . .
17,300,000Unrestricted Revenues—Investment Income . . . . . . . . . . . . . . . .
34,000,000Unrestricted Gain—Gain on Sale of Equipment . . . . . . . . . . . . . .
10,000,000Expenses—Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
184,000,000Expenses—Research . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
103,800,000Expenses—Management and General . . . . . . . . . . . . . . . . . . . . .
151,200,000Expenses—Fund-Raising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
91,000,000Expenses—Direct Costs of Special Events . . . . . . . . . . . . . . . . . .
25,000,000Expenses—Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20,000,000Restricted Support—Contributions . . . . . . . . . . . . . . . . . . . . . . .
275,000,000Restricted Revenues—Investment Income . . . . . . . . . . . . . . . . . .
35,500,000Permanently Restricted Support—Contributions . . . . . . . . . . . . .
55,000,000Permanently Restricted Revenues—Investment Income . . . . . . .
10,500,000Permanently Restricted Gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,400,000Unrestricted Net Assets, January 1, 20X7 . . . . . . . . . . . . . . . . .
750,000,000Temporarily Restricted Net Assets, January 1, 20X7 . . . . . . . .
250,000,000Permanently Restricted Net Assets, January 1, 20X7 . . . . . . . . 300,000,000In
addition to the unrestricted contributions of $335 million, $100 million of unrestricted pledges
outstanding at the beginning of 20X7 were collected during the year. All the expenses for
research were financed from resources restricted for specific research projects; $110 million of
construction expenditures and equipment purchases were financed from resources restricted for
those purposesRequiredPrepare the Kindness Cooperative’s Statement of Activities for 20X7 in
good form.View Solution: The following information was drawn from the accounts and records
SOLUTION-- http://solutiondone.online/downloads/the-following-information-was-drawn-from-
the-accounts-and-records/

Unlock answers here solutiondone.online