A nongovernment voluntary health and welfare organization received unrestricted

Question

A nongovernment voluntary health and welfare organization received unrestricted cash donations of $23,000 for the current year, $30,000 of donations to be used for the following year, and a $100,000 donation to establish a permanent investment endowment. The organization should report

Select one:

a. Unrestricted revenues of $23,000 and temporarily restricted revenues of $130,000.

b. Temporarily restricted revenues of $153,000.

c. Unrestricted revenues of $53,000 and permanently restricted revenues of $100,000.

d. Unrestricted revenues of $23,000, temporarily restricted revenues of $30,000, and permanently restricted revenues of $100,000.

Explanation / Answer

d. Unrestricted revenues of $23,000, temporarily restricted revenues of $30,000, and permanently restricted revenues of $100,000.

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