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Foundation, a nongovernmental not-for-profit entity, receives free electricity on a continuous basis from a local utility company. The contribution is made subject to cancellation
Foundation, a nongovernmental not-for-profit entity, receives free electricity on a continuous basis from a local utility company. The contribution is made subject to cancellation by the donor. Foundation should account for this contribution as a O Revenue only without donor-imposed restrictions. O Revenue without donor-imposed restrictions and an expense. O Revenue with donor-imposed restrictions and an expense. O Revenue only with donor-imposed restrictions.
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