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Assume that during Year 1, the entity receives a cash gift of $80,000. The donor specifies that this money be invested in U.S. government bonds
Assume that during Year 1, the entity receives a cash gift of $80,000. The donor specifies that this money be invested in U.S. government bonds with the income to be used to help pay the salaries of the entity's employees. The gift is recorded as an increase in net assets with donor restrictions. The investments earn $5,000 during Year 1 and $7,000 during Year 2. The entity reports these
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