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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 by

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 A. Revenue only without donor-imposed restrictions. B. Revenue only with donor-imposed restrictions. C. Revenue without donor-imposed restrictions and an expense. D. Revenue with donor-imposed restrictions and an expense

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