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?

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Home Care should report $250,000 as temporarily restricted contributions in its 20X3 statement of activities because the first contribution of $250,000 is restricted for use in the following year, 20X4. The second contribution of $200,000 carries no donor restrictions and should be reported as unrestricted contributions. Therefore, Home Care has no temporarily restricted contributions related to the $200,000 contribution.