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Flag question Question 12 Marked out of 1.00 Not yet answered Release from restrictions Autism Research, Inc., a not-for-profit organization, received a grant in the
Flag question Question 12 Marked out of 1.00 Not yet answered Release from restrictions Autism Research, Inc., a not-for-profit organization, received a grant in the amount of $200,000 that was restricted to fund research activities during the upcoming year. Later in the year, Autism Research recognized revenues of $500,000 and expenses of $450,000, including expenses relating to research activities amounting to $150,000. What amount, if any, should Autism Research report as net assets released from restriction during the year? $0 $200,000 $150,000 $250,000 Flag question Question 2 Marked out of 1.00 Not yet answered Required financial statements Neighborhood Health Clinic, Inc., a humanitarian not-for-profit focusing on affordable and convenient health care, is preparing its year-end financial statements. Which of the following financial statements is required? Statement of revenue, expenses, and changes in fund balance Statement of cash flows Statement of changes in financial position Statement of changes in fund balance Flag question Question 12 Marked out of 1.00 Not yet answered Release from restrictions Autism Research, Inc., a not-for-profit organization, received a grant in the amount of $200,000 that was restricted to fund research activities during the upcoming year. Later in the year, Autism Research recognized revenues of $500,000 and expenses of $450,000, including expenses relating to research activities amounting to $150,000. What amount, if any, should Autism Research report as net assets released from restriction during the year? $0 $200,000 $150,000 $250,000 Flag question Question 2 Marked out of 1.00 Not yet answered Required financial statements Neighborhood Health Clinic, Inc., a humanitarian not-for-profit focusing on affordable and convenient health care, is preparing its year-end financial statements. Which of the following financial statements is required? Statement of revenue, expenses, and changes in fund balance Statement of cash flows Statement of changes in financial position Statement of changes in fund balance
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