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Accounting Tutorial › With Restricted Funds

SpringTime
Statement of Financial Position
As at December 31, 2000

  2000 1999
Current assets    
   Cash $940 $500
   Accounts receivable 300 -
   Contributions receivable - 100
   Inventory 200 300
   Prepaid expenses 100 -
  1,540 900
Bond (note 3) 10,190 -
Capital assets (note 4) 1,290 1,200
  $13,020 $2,100
Current liabilities    
   Accounts payable $100 $ 100
   Bank loan - current (note 5) 125 130
  225 230
Bank loan - long-term (note 5) 400 500
Deferred contributions (note 6) 1,055 600
     
Net assets    
Endowments 10,325 -
Invested in capital assets 125 170
Unrestricted 890 600
  11,340 770
  $13,020 $2,100

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