May 2015 - 67

American Contract Bridge League, Inc.
STATEMENTS	OF	FINANCIAL	POSITION
Years	Ended	December	31,	2014	and	2013
Assets
Current Assets
	 Cash	and	cash	equivalents	
	 Investments	
	 Accounts	receivable	
Net of allowance of $10,000, respectively
	 Due	from	affiliates	
	 Prepaid	expenses	
	 Other	current	assets	
	 	
Total	current	assets	
	
	

Prepaid	pension	benefits	
Property	and	equipment,	net	
Total Assets	

2014

2013

$	1,080,751	
4,327,534	
537,835	

$	1,532,167
6,080,876
497,196

2,873	
482,091	
123,448
6,554,532	

3,725
538,103
32,920
8,684,987

-	
5,482,548

596,022
6,830,350

$12,037,080

$16,111,359

West hands for the
May Bidding Box

Bid these hands with a partner.
The East hands are on page 61. The
North-South players are silent unless
otherwise noted. Scores on page 37-39.
Problem 1.	North	deals.	None	vul.
South doubles a natural club opening.
At his second turn, North bids 2♠ if
possible, or 3♠. On the third round,
North competes to 3♦ if possible.
♠A 8 ♥Q	J	10	6	4	2			♦5 ♣10	9	4	3
Problem 2.	East	deals.	N-S	vul.
♠8 3 2 ♥K	J	8			♦A	Q	8	7	2			♣K	4

Liabilities and Net Assets
Current	Liabilities
	 Accounts	payable	
$					130,571	
	 Accrued	payroll	liabilities	
498,188	
	 Other	accrued	expenses	
623,353	

$			342,352
469,438
457,637

Problem 3. South deals. E-W vul.
North opens 1NT (15-17), or overcalls 1NT if West opens 1♠. South
bids Stayman over pass or double,
or doubles a natural 2♣ by East
for takeout. If East takes any other
action, North-South are silent for
the rest of the auction. If West opens
1♠ and South is able to bid Stayman or make a takeout double, North
responds with 2♦. If West originally
passes and South bids Stayman or
doubles, North responds with 2♠.

	
	
	
	
	

Accrued	post-retirement	healthcare	benefits	
Unredeemed	Bridge	Bucks	and	gift	certificates	
Deferred	revenue	
Due	to	units	and	districts	
Due	to	affiliates	

98,000	
117,127	
3,663,791	
433,510	
182,570

118,000
132,103
3,550,827
447,297
163,990

	

	

5,747,110	

5,681,644

Long-Term	Liabilities
	 Deferred	revenue	

1,369,131	

1,373,379

	
	

Accrued	post-retirement	healthcare	benefits	
Unit	dues	refunds	payable	

1,132,651	
124,550

1,180,880
102,184

	

	

Total	long-term	liabilities	

2,626,332

2,656,443

♠A 7 ♥A	Q	J	10	5	3			♦4 ♣K	J	7	2

Total liabilities

8,373,442

8,338,087

Problem 5.	North	deals.	None	vul.

Total	current	liabilities	

♠A	K	7	4	3			♥8 5 2 ♦6 ♣K	8	7	3
Problem 4. West deals. Both vul.

♠Q			♥Q	9	7	2			♦K	J	8	7	4			♣K	Q	4
Net	Assets
	 Unrestricted	
	 Temporarily	restricted	
	 	
Total	net	assets	
Total Liabilities and Net Assets	

3,472,044	
191,594
3,663,638

7,501,117
272,155
7,773,272

$12,037,080

$16,111,359

This audited financial statement has been prepared in accordance with Generally
Accepted Accounting Principles and is consistent with IRS regulations.
ACBL members may request a copy of the full financial statement by contacting ACBL Headquarters (see page 4). A service charge is required.

Problem 6. East deals. E-W vul.
♠8 ♥A	K	J	8	7	4	2			♦5 4 ♣A	K	J
Problem 7.	South	deals.	N-S	vul.
♠Q	10	6	4	3			♥Q	7			♦Q	10	4			♣A	K	3
Problem 8. West deals. Both vul.
♠A 5 ♥A	K	3			♦K	J	8			♣K	Q	10	9	4

May 2015 Bridge Bulletin

67
Table of Contents for the Digital Edition of May 2015
