During the Years Ended June 30, 2020 and 2021, Jackson

question 49

Multiple Choice

During the years ended June 30, 2020 and 2021, Jackson University, a private university, conducted a cancer research project financed by a $1,000,000 gift from an alumnus. The entire amount was pledged by the donor on July 10, 2019. The gift was restricted to the financing of this particular research project. During the two-year research period, Jackson's gift receipts from the alumnus and research expenses related to the research project were as follows for each fiscal year (FY) :
What amount of net assets was released from restriction in 2020?

• A) $200,000.
• B) $100,000.
• C) $1,000,000.
• D) $0.

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Definitions:

Healthcare Worker

An individual involved in the delivery of health services, including nurses, doctors, technicians, and support staff.

Infectious Diseases

Diseases caused by pathogenic microorganisms such as bacteria, viruses, parasites, or fungi; these diseases can be spread, directly or indirectly, from one person to another.

Respiratory Droplets

Tiny droplets produced when an individual coughs, sneezes, talks, or breathes, which can carry pathogens like viruses and bacteria, potentially causing infections.

Needlestick Injuries

Injuries caused by needles or sharp medical instruments, often a concern for healthcare workers due to the risk of transmitting infections.