A Voluntary Health and Welfare organization received a $1 million endowment donation and it stipulated...
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Accounting
A Voluntary Health and Welfare organization received a $1 million endowment donation and it stipulated that income and investment appreciation be used for a drug counseling program. The endowment fund experienced a $50,000 increase in fair value, received $20,000 in investment income and the Organization spent $60,000 in its drug counseling program. What amount of change in net assets with donor restrictions should the organization report?
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