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A nonprofit organization has the following transactions: Contributions received: $200,000 Program expenses: $150,000 Administrative expenses: $30,000 Fundraising expenses: $20,000 Requirements:(a) Prepare the statement of activities.
A nonprofit organization has the following transactions:
- Contributions received: $200,000
- Program expenses: $150,000
- Administrative expenses: $30,000
- Fundraising expenses: $20,000
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