6–10. The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2009. VILLAGE OF PARRY—PRINT SHOP FUND Statement of Revenues, Expenses, and Changes in Net Assets For the Year Ended April 30, 2009 Operating revenues: Charges for services $1,000,000 Operating expenses: Salaries and benefits $500,000 Depreciation 200,000 Supplies used 200,000 Utilities 70,000 970,000 Income from operations 30,000 Nonoperating income (expenses): Interest revenue 30,000 Interest expense (50,000) (20,000) Net income before transfers 10,000 Transfers in 180,000 Changes in net assets 190,000 Net assets—beginning 1,120,000 Net assets—ending $1,310,000
Showing posts with label Statement of Cash Flows. Show all posts
Showing posts with label Statement of Cash Flows. Show all posts
Wednesday, February 2, 2011
6-10 Village of Parry Statement of Cash Flows
6–10. The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2009. VILLAGE OF PARRY—PRINT SHOP FUND Statement of Revenues, Expenses, and Changes in Net Assets For the Year Ended April 30, 2009 Operating revenues: Charges for services $1,000,000 Operating expenses: Salaries and benefits $500,000 Depreciation 200,000 Supplies used 200,000 Utilities 70,000 970,000 Income from operations 30,000 Nonoperating income (expenses): Interest revenue 30,000 Interest expense (50,000) (20,000) Net income before transfers 10,000 Transfers in 180,000 Changes in net assets 190,000 Net assets—beginning 1,120,000 Net assets—ending $1,310,000
Intermediate accounting - complete answer
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