Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. h and welfare organization received a $300,000 con

h and welfare organization received a $300,000 contribution on April 15, 20x9, from a donor...

90.2K

Verified Solution

Question

Accounting

image

h and welfare organization received a $300,000 contribution on April 15, 20x9, from a donor who stipulated the donation be the investments be spent according to the wishes of the invested permanently in stocks and bonds. The donor further stipulated earnings from governing board of the voluntary health and welfare organization. Earnings from the investments for the year ended June 30 $6,000 20x9, amounted to How would the voluntary health and welfare organization report this information for the year e O Increase in permanently restricted net assets of $306.000. O Increase in permanently restricted net assets of $300.000, and in temporarily restricted net assets of $6.000. Increase in permanently restricted net assets of $300.000, and in unrestricted net assets of $6,00o. O Increase in permanently restricted net assets of $300,000, and in board-designated net assets of $6.000 nded June 30, 20x9

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students