Chapter 19, Problem 19.14Q

To determine

Introduction : Voluntary health and welfare organizations (VHWOs) provide a variety of social services. These organizations withdrawn funds from the community in large amount and typically provide services with a nominal amount to those with the ability to pay or free of cost to those who cannot pay. The federal government generally provides tax exempted status to these organizations.

The reason of VHWOs not report all pledges received in the period in assets without donor restrictions in the statement of activities and identify what is not included.