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Home Care,Inc.(Home Care) ,a nongovernmental voluntary health and welfare organization,received two contributions in 20X3.One contribution of $250,000 was restricted for use as general support in 20X4.The other contribution of $200,000 carried no donor restrictions.What amount should Home Care report as temporarily restricted contributions in its 20X3 statement of activities?
Retail Selling Price
The price at which goods or services are sold to the final consumer, including any markups applied by retailers.
Profit
The financial gain obtained when the revenue generated from a business activity exceeds the expenses, costs, and taxes associated with it.
Wholesale Price
The cost at which goods are sold to retailers by manufacturers or distributors before any retail markup.
Retail Price
The cost at which an item is sold to the general public by retailers.
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