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If a not-for-profit organization uses the restricted fund method to account for contributions and receives a restricted contribution for which it does not have a
If a not-for-profit organization uses the restricted fund method to account for contributions and receives a restricted contribution for which it does not have a corresponding restricted fund, how should the contribution be recorded? Multiple Choice As contribution revenue in the endowment fund. As a direct increase in net assets in the general fund. As deferred revenue in the general fund. As contribution revenue in the general fund.
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