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What amount should be classified as fund-raising costs

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Reference no: EM132918753

Problem - The following expenditures were among those a not-for-profit society incurred during 2019:

Printing of annual report $35,000

Unsolicited merchandise sent to encourage contributions $15,000

Required - What amount should be classified as fund-raising costs in the society's activity statement?

Reference no: EM132918753

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