Question
At the beginning of 2020, a donor gives a private NFP organization equity securities with a fair value of $500,000. The donor states that the
At the beginning of 2020, a donor gives a private NFP organization equity securities with a fair value of $500,000. The donor states that the organization must retain the securities, and cash income from the securities must be used for specific program activities. During 2020, investment income from the securities is $15,000. The securities have a fair value of $504,000 at year-end. The organization has not spent any of the investment income by year-end. How is this information reported in the organization's statement of activities for 2020?
Increase in net assets with donor restrictions | Increase in net assets without donor restrictions |
| A. |
| ||
| B. |
| ||
| C. |
| ||
| D. |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started