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A donor pledged $800,000 in funds to a not-for-profit museum. The museum will receive the pledge if it is able to raise funds matching one-half
A donor pledged $800,000 in funds to a not-for-profit museum. The museum will receive the pledge if it is able to raise funds matching one-half of the donor's pledge of $800,000. How would this pledge be recorded? (A) Contribution - With Donor Restrictions B) Contribution - Without Donor Restrictions C) Deferred Revenue D) It would not be recorded
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
