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United Ways, a private not-for-profit voluntary health and
welfare organization, received a contribution of $10,000 from a
donor in 2011. The donor did not specify any use restrictions on
the contribution; however, the donor specified that the donation
should not be used until 2012. The governing board of United
Ways spent the contribution in 2012 for fund-raising expenses.
For the year ended December 31, 2011, United Ways should
report the contribution on its