Business, 27.05.2021 01:40, angiebailey1605

A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it cannot be spent for four years. One gift of $95,000 is restricted to pay the salaries of the entity's workers. One gift of $125,000 must be held forever with the income to be used to provide food for needy families. In the current year, income of $15,000 was earned but not spent. What is the increase in the current year in net assets with donor restrictions

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A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restrict...