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Consider FASB's 2018 guidelines for accounting for contributions and answer the following: a. Identify the characteristics of exchange transactions and describe when revenue should be

Consider FASB's 2018 guidelines for accounting for contributions and answer the following:

a. Identify the characteristics of exchange transactions and describe when revenue should be recognized.

b. Identify the characteristics of donor-imposed conditions and describe when revenue should be recognized.

c. Identify the characteristics of donor-imposed restrictions and describe when revenue should be recognized.

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