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goji.go goji.go
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9 years ago
A not-for-profit organization receives donated supplies valued at $40,000 in June.  As of the fiscal year end December, 31, 20X3, the organization had used 25% of the materials. The organization should report
A.   Restricted contributions of $40,000 and no expenses.
B.   Restricted contributions and expenses of $40,000.
C.   Unrestricted contributions of $40,000 and expenses of $10,000.
D.   Unrestricted contributions of $10,000 and no expenses.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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