A not-for-profit entity receives $20,000 as a donation. They money must be spent for a stipulated purpose.
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A not-for-profit entity receives $20,000 as a donation. They money must be spent for a stipulated purpose. How does the reporting differ based on whether the gift is unconditional or conditional?
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If the 20000 donation is conditional the NFP records it as an increase in ...View the full answer
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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