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Consider FASB standards for reporting revenues from government grants received by a not-for-profit organization. Answer the following questions: a. What features of government grants indicate

Consider FASB standards for reporting revenues from government grants received by a not-for-profit organization. Answer the following questions:

a. What features of government grants indicate they are conditional contributions?

b. When should revenue be recognized under a cost-reimbursement grant?

Please do not use an answer that was already posted

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