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An individual contributed $650,000 to YC, a not-for-profit organization, on the condition that the principal amount is invested in marketable securities and that only the
An individual contributed $650,000 to YC, a not-for-profit organization, on the condition that the principal amount is invested in marketable securities and that only the income earned from the investment be spent on operations. Assuming that YC uses the deferral method for recording contributions, which of the following accounts would be credited to record the $650,000 contribution?
Would this contribution go to Deferred Contributions or Net Assets?
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