Golden Path, a labor union, had the following receipts and expenses for the year ended December 31, 20X8: Receipts: Per capita dues$900,000 Initiation fees 120,000 Sales of organizational supplies 80,000 Nonexpendable gift restricted by donor for loan purposes for 10 years 50,000 Nonexpendable gift restricted by donor for loan purposes in perpetuity 60,000 Expenses: Labor negotiations 720,000 Fund-raising 150,000 Membership development 40,000 Administrative and general 250,000 The union's constitution provides that 12 percent of the per capita dues be designated for the strike insurance fund to be distributed for strike relief at the discretion of the union's executive board.Based on the information provided, in Golden Path's statement of activities for the
year ended December 31, 20X8, what amount should be reported under the classification of revenue from funds without donor restrictions?
A. $1,020,000
B. $980,000
C. $1,210,000
D. $1,100,000
Answer: D
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