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Homes NFP , a not - for - profit organization, received an externally restricted contribution. Homes does not have a separate restricted fund for the
Homes NFP a notforprofit organization, received an externally restricted contribution. Homes does not have a separate restricted fund for the contribution. Under the restricted fund method, the contribution will be recognized as which of the following?
Options:
Revenue in the endowment fund
As a direct increase to net assets
Revenue in the general fund using the deferral method
Revenue in the general fund for unrestricted contributions
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