A private,not-for-profit hospital received the following restricted contributions and other receipts during the year ended September 30,20X5:
None of the contributions or other receipts was expended during the year ended September 30,20X5.For the year ended September 30,20X5,what amount would be reported on the hospital's statement of changes in net assets as an increase in temporarily restricted net assets?
A) $250,000
B) $650,000
C) $1,275,000
D) $1,525,000
Correct Answer:
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