E13.1 Reporting Various Contributions The Castile County Rescue Mission receives the following donations: 1. A donor contributes cash, with no restrictions or conditions. 2. An accountant provides services in completing and filing Form 990. 3. Volunteers provide services in staffing the local soup kitchen. 4. A donor signs an agreement promising to contribute cash in two years. 5. A donor contributes land with no restrictions as to use. 6. A donor contributes cash, specifying that it be used to support a program to teach life skills to battered women. Required Identify how each contribution is reported on the Mission’s statement of activities. The contribution either (a) increases or decreases net assets without donor restrictions, (b) increases or decreases net assets with donor restrictions, or (c) is not reported as a change in net assets. Transaction Affects on net assets 1 2 3 4 5 6
E13.1 Reporting Various Contributions
The Castile County Rescue Mission receives the following donations:
1. A donor contributes cash, with no restrictions or conditions.
2. An accountant provides services in completing and filing Form 990.
3. Volunteers provide services in staffing the local soup kitchen.
4. A donor signs an agreement promising to contribute cash in two years.
5. A donor contributes land with no restrictions as to use.
6. A donor contributes cash, specifying that it be used to support a program to teach life skills to battered women.
Required
Identify how each contribution is reported on the Mission’s statement of activities. The contribution either (a) increases or decreases net assets without donor restrictions, (b) increases or decreases net assets with donor restrictions, or (c) is not reported as a change in net assets.
| Transaction | Affects on net assets |
|---|---|
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 | |
| 6 |
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