Business
Business, 22.07.2019 20:20, sheram2010

Anot-for-profit voluntary health and welfare organization received a $500,000 permanent endowment during the year. the donor stipulated that the income must be used for a mental health program. the endowment fund reported a $60,000 net decrease in market value and $30,000 in investment income. the organization spent $45,000 on the mental health program during the year. what amount of change in net assets with donor restrictions should the organization report?

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