The following transaction for FY 2020 has been recorded in the books of NPO XXX

a. Received the amount of 10M from donor YYY with instructions that these will be used for investment for which the income will be utilized to advance the purpose of the NPO XXX

b. Received the amount of 500,000 pesos with no conditions attached. However, 50,000 pesos was restricted by the board of trustees for the purchase of an equipment.

c. Received 2M pesos from a donor for the payment of daily operating expenses of the NPO.

d. In September of 2020, NPO XXX received an investment income in the amount of 450,000 pesos from the 10M investments in SMC

Question:

How much is the contributions revenue-unrestricted support

Answer rating: 100% (QA)

Unrestricted contributions are those contributions which does not ... View the full answer