Statement of activities records the total revenues and expenses incurred by the organization during a given period. It focuses on the organization as a whole. It is the equivalent of a profit and loss account maintained by a commercial organization. The amount to be reported in statement of activities of the expenses incurred.

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Chapter 19, Problem 19.8.6E

To determine

Introduction: Statement of activities records the total revenues and expenses incurred by the organization during a given period. It focuses on the organization as a whole. It is the equivalent of a profit and loss account maintained by a commercial organization.

The amount to be reported in statement of activities of the expenses incurred.

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