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A nongovernment not-for-profit organization received a cash donation of $100,000 restricted for a specific operating purpose. Only $20,000 of expenses related to the specific operating purpose was incurred during the current year. How should this activity be reported be in the statement of activities?
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been sold to customers.
Direct Labor-Hours
The cumulative hours that employees, who are actively engaged in the production process or delivering a service, put in.
Raw Materials Cost
The total cost associated with acquiring raw materials that are necessary for manufacturing goods.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
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