During the year, a not-for-profit entity received $30,000 in dividends and $24,000 in interest on its investment portfolio.The entity also accrued $6,000 in interest on the portfolio.The increase in fair value of the portfolio during the year was $8,000.How much should the entity report for investment earnings during the year?

Question

Quizplus · Accepted Answer

Investment earnings include dividends, interest received, interest accrued, and the increase in fair value. Therefore, $30,000 (dividends) + $24,000 (interest received) + $6,000 (interest accrued) + $8,000 (increase in fair value) = $68,000.

During the Year, a Not-For-Profit Entity Received $30,000 in Dividends