An unrestricted gift pledge from an annual contributor to a not-for-profit hospital made in December 20X1 and

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An unrestricted gift pledge from an annual contributor to a not-for-profit hospital made in December 20X1 and paid in March 20X2 would generally be credited to

a. Contribution revenue in 20X1.

b. Contribution revenue in 20X2.

c. Other income in 20X1.

d. Other income in 20X2.

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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Question Posted: Mar 15, 2024 04:00 AM

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An unrestricted gift pledge from an annual contributor to a not-for-profit hospital made in December 20X1 and

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The correct answer is b Contribution revenue in 20X2 Explanation An ...View the full answer

Advanced Financial Accounting

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