program. The endowment fund reported $ 60,000 net decrease in market value and $ 30,000 investment income. The organization spent $ 45,000 on the mental health program during the year. What amount of change in temporarily restricted net assets should the organization report?
Question 20
Lema Fund, a voluntary welfare organization funded by contributions from the general public, received unrestricted pledges of $ 200,000 during 2005. It was estimated that 10 % of these pledges would be uncollectible. By the end of 2005, $ 130,000 of the pledges had been collected. It was expected that $ 50,000 more would be collected in 2006 and that the balance of $ 20,000 would be written off as uncollectible. What amount should Lema include under public support in 2005 for net contributions?
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