Your not-for-profit organization has previously received a $…
Your not-for-profit organization has previously received a $400,000 contribution that is restricted for use solely to construct an indoor pool in a camp that you manage for children with special needs. Your not-for-profit does not have a policy implying a time restriction on donated assets. You are mailing out a check today for $500,000 to the contractor who will build the pool. Which of the following best describes how you should account for this payment?