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A government entity recognizes revenue from exchange or non-exchange transactions. In which of the following transactions does a government entity need not recognize revenue? a.
A government entity recognizes revenue from exchange or non-exchange transactions. In which of the following transactions does a government entity need not recognize revenue?
a. Exchange of goods or services of dissimilar nature and value.
b. Receipt of an unconditional grant from a foreign government.
c. Receipt of equipment as donation from a good-hearted, private individual.
d. Receipt of a pledge.
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