Question: In Year 1 , Gamma, a not - for - profit organization, deposited at a bank $ 1 , 0 0 0 , 0 0
In Year Gamma, a notforprofit organization, deposited at a bank $ given to it by a donor to purchase endowment securities The principal of this contribution is not to be spent according to the donor's restrictions. The securities were purchased January Year At December Year the bank recorded $ interest on the deposit. In accordance with the bequest, this $ was used to finance ongoing program expenses in March Year At December Year what amount of the bank balance should be included as current assets in Gamma's statement of financial position?
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