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Junior Achievement, a nongovernmental not-for-profit corporation, received a $125,000 contribution restricted to youth activity programs at the end of last year. During the year, youth
Junior Achievement, a nongovernmental not-for-profit corporation, received a $125,000 contribution restricted to youth activity programs at the end of last year. During the year, youth activities had program expenses of $95,000. What amount should Junior Achievement report as net assets released form restrictions during the year? $95,000 O $0 O $30,000 O $125,000 Question 12 2 pts The following expenditures were made by Low Country Land Trust, a society for the protection of the environment: Printing of the annual report $12,000 Unsolicited merchandise sent to encourage contributions 25,000 Cost of an audit performed by a CPA firm 3,000 What amount should be classified as fundraising costs in the society's activity statement? O $37.000 O $0 O $25,000 O $28,000
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