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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
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
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