Question
The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical research. The entity received unconditional pledges of $700,000
The entity received
$1,500
in cash contributions. Of that amount,
$1,000
is to be used for medical research.\ The entity received unconditional pledges of
$700,000
for its endowment fund. All pledges will be collected next year.\ The entity received donated services of
$1,200
from medical researchers who helped with the entity's on-going drug development research. It also received
$300
in donated services from students, who helped clean the research facilities.\ The entity paid medical research operating expenses of
$5,000
that were related to restricted net assets it had received in prior years.
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