An alumna of a sorority donates ($ 12.000) to the sorority for restricted use in a community

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An alumna of a sorority donates \(\$ 12.000\) to the sorority for restricted use in a community service activity of the sorority. How is the contribution accounted for by this ONPO? How is the expenditure of the \(\$ 12,000\) accounted for?

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Advanced Financial Accounting

ISBN: 9780072444124

5th Edition

Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King

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