College students provide services during their winter and spring breaks, building houses for Habitat for Humanity. Their services are valued at $50,000. How is this information reported in Habitat for Humanity's statement of activities?
A) Increase in expenses and increase in contributions of $50,000; no net effect on net assets.
B) $50,000 increase in net assets with donor restrictions.
C) $50,000 increase in net assets without donor restrictions.
D) Not reported in the statement of activities.
Correct Answer:
Verified
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