1. Settam, a nongovernmental not-for-profit organization, received a donation of stock with donor-stipulated requirements as follows:

   Shares valued at $8,000,000 are to be sold with the proceeds used for building renovations.

   Shares valued at $2,000,000 are to be retained with the dividends used to support current operations.

   What amount should Settam include as net assets without donor restrictions as a result of this donation?

   		A. $0
   		B. $2,000,000
   		C. $8,000,000
   		D. $10,000,000

2. At the beginning of the year, RST Charities received equities securities valued at $100,000 as an unrestricted gift. During the year, RST received $5,000 in dividends from these securities; at year end, the securities had a fair market value of $110,000. By what amount did these transactions increase the net assets of RST Charities?

   		A. $100,000
   		B. $105,000
   		C. $110,000
   		D. $115,000

3. The Turtle Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during its busy season. Chris, a clerk at the local tax collector's office, volunteered ten hours per week for 24 weeks transferring turtle food from the port to the turtle shelter. His rate of pay at the tax office is $10 per hour, and the prevailing wage rate for laborers is $6.50 per hour. What amount of contribution revenue should Turtle Society record for this service?

   		A. $0
   		B. $840
   		C. $1,560
   		D. $2,400