Question: Question 25(i want only text answer and brief explanation) The Jones family lost its home in a fire. On December 25, 2017, a philanthropist sent

Question 25(i want only text answer and brief explanation) The Jones

Question 25(i want only text answer and brief explanation) The Jones family lost its home in a fire. On December 25, 2017, a philanthropist sent money to the Amer Benevolent Society, a private not-for-profit entity, specifically to purchase furniture for the Jones family. During January 2018, Amer purchased furniture for the Jones family. How should Amer repor the receipt of the money in its 2017 financial statements? select the right option? a. As an unrestricted contribution. b. As a temporarily restricted contribution. c. As a permanently restricted contribution d. As a liability

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