presentation of the statements

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alla gala
Posts: 1
Joined: Tue Nov 02, 2010 8:21 pm
Location: canada

presentation of the statements

Post by alla gala »

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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