Question
NEED ASAP PLEASE The Save the Trees Organization is a Not-For Profit organization. It was founded in the year 2015. In 2021, it received a
NEED ASAP PLEASE The Save the Trees Organization is a Not-For Profit organization. It was founded in the year 2015. In 2021, it received a donation of $200,000 to plant trees in the Oakville area of Ontario. How would the endowment be accounted for in 2021 under each of the following two method:-
Deferred Contribution Method.Restricted Fund Method
a. Deferred revenueRevenue
b. Never reported as revenue..Revenue
c. Revenue.Never reported as revenue
d. Deferred revenue.Never reported as revenue
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Intermediate Accounting
Authors: David Spiceland
11th Edition
9781264134526
