A not-for-profit organization receives a restricted contribution of $30,000 to be used for a specific project. During
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Question:
A not-for-profit organization receives a restricted contribution of $30,000 to be used for a specific project. During the current year, $11,000 is spent toward the project with the balance to be spent next year.How much donation revenue should the not-for-profit organization recognize in the current year, if the organization uses the deferral method of reporting?
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