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please help ASAP The Stanton Company conveys $23,000 in cash to a private not-for-profit entity. The money must be used for a designated purpose. This

please help ASAP

The Stanton Company conveys $23,000 in cash to a private not-for-profit entity. The money must be used for a designated purpose. This conveyance is viewed as a conditional contribution. Which of the following is recorded by the private not-for-profit entity?

Multiple Choice

  • A. Contributed revenue reported within net assets with donor restrictions.

  • B. No journal entry is made.

  • C. Contributed revenue reported within net assets without donor restrictions.

  • D. A liability.

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