(Preparation of financial statements for an NFPO) Following are the preclosing fund trial…

(Preparation of financial statements for an NFPO) Following are the preclosing fund trial balances as of December 31, 2013, for Oliver’s Place, an NFPO. (The trial balances are based on the transactions contained in P12-3.) Prepare a statement of activities for the year ended December 31, 2013; also prepare a statement of financial position as of December 31, 2013.

 

 

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