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Home Care, Inc., a nongovernmental voluntary health and welfare entity, received two contributions in Year 4. One contribution of $250,000 was restricted for use as
| Home Care, Inc., a nongovernmental voluntary health and welfare entity, received two contributions in Year 4. One contribution of $250,000 was restricted for use as general support in Year 5. The other contribution of $200,000 carried no donor restrictions. What amount should Home Care report as temporarily restricted contributions in its Year 4 statement of activities? | |
| A. | $200,000 |
| B. | $0 |
| C. | $450,000 |
| D. | $250,000 |
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Construction Industry IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304131920, 978-1304131928
