1. A not-for-profit organization receives $150 from a donor. The donor receives two tickets to a theater show and an acknowledgment in the theater program. The tickets have afair market value of $100. What amount is recorded as contribution revenue?

a.	$0
b.	$50, answer
c.	$100
d.	$150

please explain why and how to get the answer.

2. In Year 1, Gamma, a not-for-profit organization, deposited at a bank $1,000,000 given to it by a donor to purchase endowment securities. The principal of this contribution is not to be spent according to the donor's restrictions. The securities were purchased January 2, Year 2. At December 31, Year 1, the bank recorded

$2,000 interest on the deposit. In accordance with the bequest, this $2,000 was used to finance ongoing program expenses in March Year 2. At December 31, Year 1, what amount of the bank balance should be included as current assets in Gamma's classified balance sheet?

a.	$0
b.	$2,000, answer
c.	$1,000,000
d.	$1,002,000

please explain why is 2000.

3. Cancer Educators, a not-for-profit organization, incurred costs of $10,000 when it combined program functions with fund-raising functions. Which of the following cost allocations might Cancer report in its statement of activities?

Program Fund Raising General

a.	$0	$0	$10,000
b.	$0	$6,000	$4,000
c.	$6,000	$4,000	$0, answer
d.	$10,000	$0	$0

please explain why and how to get it thanks!