statement of activity – Essay Writers

“11–8. Presented below are the closing entries for Lee College, a private not-for- profit, for the year ended December 31, 2014.
Debits Revenues—Unrestricted—Tuition and Fees11,000,000
Revenues—Unrestricted—Unrestricted Income on
Endowment Investments 40,000
Revenues—Unrestricted—Sales and Services of
Auxiliary Enterprises5,500,000
Revenues—Unrestricted—Contributions100,000
Reclassifications to Unrestricted Net Assets—
Satisfaction of Program Restrictions720,000
Reclassifications to Unrestricted Net Assets—
Satisfaction of Plant Acquisition Restrictions1,080,000
Net Assets—Unrestricted110,000
Tuition Discount—Unrestricted—Student Aid375,000
Instruction Expense7,000,000
Research Expense4,500,000
Public Service Expense1,200,000
Institutional Support Expense 1,600,000
Student Services Expense150,000
Auxiliary Enterprise Expense3,725,000
Revenues-Temporarily Restricted- Contributions1,500,000
Revenues- Temporarily Restricted- Grants 970,000
Reclassification from Temporarily Restricted
Net Assets- Satisfaction of Program Restrictions720,000
Reclassification from Temporarily Restricted Net
Assets- Satisfaction of Plant Acquisition Restrictions1,080,000
Net Assets- Temporarily Restricted750,000
Revenues- Permanently Restricted- Contributions2,540,000
Gains on Long-Term Investments750,000
Net Assets- Permanently Restricted3,290,000
Assume the January 1, 2015, net asset balances are as follows: $1,000,000 unrestricted net assets; $300,000 temporarily restricted net assets; and $1,760,000 permanently restricted net assets.

Prepare a Statement of Activities
. Prepare a Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets together with a Statement of Changes in Net Assets.

paper must:

Include both the completed financial statements and detailed analysis of the data provided.
Explain the process by which you completed the final statements and include any applicable supporting information computations and explanations.
Offer an in-depth analysis of the financial health of Lee College.

The Project

Must be five to seven double-spaced pages in length (not including title and references pages) and formatted according to APA style
Must include a separate title page with the following:

Title of Final Project
Student’s name
Course name and number
Instructor’s name
Date submitted

Must include an introductory paragraph with a succinct thesis statement.
Must address the topic of the project with critical thought.
Must conclude with a restatement of the thesis and a conclusion paragraph.

 
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