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A nonprofit organization receives donated supplies valued at $40,000 in June 2019. As of the fiscal year end December 31, 2019, the organization had used

A nonprofit organization receives donated supplies valued at $40,000 in June 2019. As of the fiscal year end December 31, 2019, the organization had used 25% of the materials. The organization should report

A.

Unrestricted contributions of $40,000 and expenses of $10,000.

B.

Restricted contributions of $40,000 and no expenses.

C.

Unrestricted contributions of $10,000 and no expenses.

D.

Restricted contributions and expenses of $40,000.

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