Hello,
The non-for profit org. incurs a large loss for the year, but has sufficient funds in the restricted surplus (the shareholders equity). Is there a way to use this surplus to offset the loss in the income statement?
Thanks,
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- Tue Nov 02, 2010 8:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: presentation of the statements
- Replies: 0
- Views: 2355