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Lea Meditators is a not-for-profit religious organization. A storm broke glass windows in Lea’s building. A member of Lea’s congregation, a professional glazier, replaced the windows at no charge. In Lea’s statement of activities, the breakage and replacement of the windows should A. Be reported by note disclosure only. B. Be reported as an increase in both net assets and contributions. C. Not be reported. D. Be reported as an increase in both expenses and contributions. |