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Babco Inc. is a not-for-profit organization. In 2010, the organization received a donation of $500,000, which must be used as an endowment. How would this

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Babco Inc. is a not-for-profit organization. In 2010, the organization received a donation of $500,000, which must be used as an endowment. How would this endowment be accounted for in 2010 under each of the following two methods? Deferred contribution method: Never reported as revenue; Restricted fund method: Revenue. Deferred contribution method: Revenue: Restricted fund method: Never reported as revenue. Deferred contribution method: Deferred revenue; Restricted fund method: Never reported as revenue. Deferred contribution method: Deferred Revenue; Restricted fund method: Revenue

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