Solution-How much of information should be reported in

How much of information should be reported in organization

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Reference no: EM132810084

At the beginning of 2020, a private not-for-profit organization receives securities with a fair value of P5,500,000. The donor states that the organization must retain the securities, and cash income on its investment must be used for specific program activities. During 2020, investment income is P180,000. The securities have a fair value of P5,200,000 at year-end. The organization has not spent any of the P180,000 by year-end.

Problem 1: How much of this information should be reported in the organization's statement of activities for 2020 as

1. Increase in Permanently Restricted Net Assets
2. Increase in Temporarily Restricted Net Assets
3. Increase in Unrestricted Net Assets

Reference no: EM132810084

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How much of information should be reported in organization

Reference no: EM132810084

Reference no: EM132810084

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