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Business, 22.07.2019 17:20 caeyanij

During the current year, the finn foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from chris. chris stipulated that the income must be used to provide recreational activities for the elderly. the endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly. the foundation has adopted a policy to recognize donor‐restricted contributions whose restrictions are met in the same reporting period as contributions without a donor restriction. what amount of contribution revenue with donor restriction should finn report at the end of the current year?

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