For the 20X6 Fiscal Year, KU Care, a Not-For-Profit Organization

question 43

Multiple Choice

For the 20X6 fiscal year, KU Care, a not-for-profit organization, received $300,000 in unrestricted donations and $175,000 in donations designated specifically for cancer research. $200,000 of the unrestricted donations and $100,000 of the restricted donations were expended in 20X6 for current operations and cancer research, respectively. KU did not set up a separate fund for the restricted donation. Under the deferral method, how much of the donations should be reported as revenue in the statement of operations for the 20X6 fiscal year?

• A)$300,000
• B)$375,000
• C)$400,000
• D)$475,000

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Definitions:

Milk Run

A delivery route that picks up or delivers goods at multiple locations, optimizing logistics efficiency.

Use Fees

Charges applied for the use of a particular service, facility, or equipment, often based on duration or capacity of use.

Highway

A main road, especially one connecting major towns or cities, designed for fast travel and transportation of goods and people.

Congestion

A condition occurring in network systems or urban environments where the demand for resources or space exceeds the available capacity, leading to slowdowns and inefficiency.