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Arthur Corporation gave a not-for-profit research foundation $500,000 to conduct research relating to the development of a new type of battery. Per the terms
Arthur Corporation gave a not-for-profit research foundation $500,000 to conduct research relating to the development of a new type of battery. Per the terms of the gift. Arthur owned the right to any patents issued as a consequence of the research. For the independerd shton above a) first choom the oppropriate type of contribution led the table below by ing in the letter found in the blonk under Type of Conkibution. Note that there may be suolors that are s that case choose H. (1 point) A. Contibution of Ash with donor C. Contbulion of Amets without donor restrictions Conditional Promise Colection consume or purpose Contribution of Asets with donor restrictions (me b. Unconditionat Pledge F. Contibution of Services H. Exchange transaction b) Then prepare the necessary joumat entry to recognize revenue when applicable. It no entry is required you are required to state so (2 points) A- Required Type of Contribution Journal Entry Answer
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