A not-for-profit organization receives donated supplies valued at 40,000 during the fiscal year. Assume that as of the fiscal year end, the organization had used 25 of the materials. The organization should report
a. restricted contributions of 40,000 and no expenses.
b. restricted contributions of 40,000 and expenses of 40,000
c. unrestricted contributions of 40,000 and expenses of 10,000
d. unrestricted contributions or 10,000 and expenses of 10,000
e. unrestricted contributions of 10,000 and no expenses.
Question 2
Information about actual authorized events and objects has ___________________ ___________.
Fill in the blank(s) with correct word
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