3. Which of the following is not a characteristic of a conditional promise to give? a It...

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3. Which of the following is not a characteristic of a conditional promise to give?

a It depends on the occurrence of a specified future and uncertain event to bind the promisor.

b The gift may have to be returned to the donor if the condition is not met.

c It is recognized as contribution revenue when the conditions are substantially met.

d It depends on demand by the promisee for performance.

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Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

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Question Posted: Jul 22, 2024 06:03 AM

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3. Which of the following is not a characteristic of a conditional promise to give? a It...

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Advanced Accounting

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