Question
Acme University, a non-profit, gets a donation of $1,000,000 from donors who received nothing in return. Also, donors gave $20,000, and in return got football
Acme University, a non-profit, gets a donation of $1,000,000 from donors who received nothing in return. Also, donors gave $20,000, and in return got football tickets worth $5,000. What is contribution revenue, if the above are the only contributions
1. 0
2. 1,020,000
3. 1,015,000
4. 1,000,000
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
