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The net effect of the transactions in the year-end unrestricted net assets (ignore depreciation) is __________________ Fill in the blanks: Your answer should be a
The net effect of the transactions in the year-end unrestricted net assets (ignore depreciation) is __________________
Fill in the blanks: Your answer should be a whole number. Do not use decimal, comma, and peso sign to encode your answer. GreenThinkers Organization, a non-profit organization, received the following donations during the period: 1. January 1, 20x1: Land with fair value of P4,000,000 to be used at the discretion of GreenThinkers. 2. February 15,20x1: Cash of P8,000,000, restricted for the acquisition of a truck. The truck will be used in GreenThinker's outreach programs. 3. March 1,20x1: Investment in equity securities with fair value of P2,000,000 to be held indefinitely. Only the investment income shall be used by Green Thinkers on its current operations. 4. May 1, 20x1: JPIA and JPAMA members from different universities contributed services in a tree-planting activity initiated by GreenThinkers. Although the volunteers rendered their services for free, Green Thinkers estimates that the fair value of these services would amount to P20,000. On June 30,20x1, Green Thinkers acquired a truck for P8,000,000 and received dividends of P240,000 from the equity securitiesStep by Step Solution
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