Multiple Choice
A nongovernment not-for-profit organization received a cash donation of $100,000 restricted for a specific operating purpose. Only $20,000 of the donation was spent during the current year. How should the donation be reported be in the statement of activities?
A) Revenues without donor restrictions - $100,000.
B) Revenues without donor restrictions - $20,000.
C) Revenues with donor restrictions - $100,000.
D) Revenues with donor restrictions - $20,000.
Correct Answer:
Verified
Correct Answer:
Verified
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