49. A voluntary health and welfare organization had the following asset inflows: Cash gifts Membership dues Dividend income Interest income Donated supplies $40,000 8,000 5,000 3,000 2,000 How should these items be reported? Revenues Public Support a. $16,000 $42,000 b. $ 8,000 $50,000 C. d. $56,000 $10,000 $ 2,000 $48,000 50. A private, not-for-profit college holds debt securi- ties in current assets and in non-current assets. How would these items be reported on the Statement of Financial Position? Debt Securities in Current Assets a. Fair value b. Carrying value C. Fair value d. Carrying value Debt Securities in Non-current Assets Carrying value Fair value Fair value Carrying value 51. Vista, a private, not-for-profit health and welfare organization, purchased stock in XYZ Corp. using unrestricted net assets and paid $50,000. The invest- ment represents less than 2% interest in XYZ. At the end of the year, Vista received a cash dividend of $3,000 and the value of the XYZ stock at year end was $65,000. On its statement of activities from the current year, what amount would Vista report from XYZ? a. $18,000 increase in unrestricted net assets. b. $15,000 increase in temporarily restricted net assets. c. $3,000 in unrestricted net assets. d. $15,000 increase in unrestricted net assets. 52. Electra, a not-for-profit performing arts organiza- tion, held some donor restricted endowment funds which are invested in stocks that are listed on the NY Stock Exchange, so the fair values are readily deter- minable. Most of the investments represent amounts between 2% and 5% of the outstanding common stock of the investee corporations. However, Electra does own stock in one company that gives it the abil- ity to exercise significant influence over the operating and financing policies of the investee company. How should these two types of investments be reported on Electra's Statement of Financial Position at year end