QUESTION 4 A not-for-profit organization receives $250 from a donor. The donor receives two tickets to a theater show and an acknowledgment in the theater program. The tickets have a fair market value of $50. What amount is recorded as contribution revenue? 250 200 50 0 QUESTION 5 How to record a trade-in? Government Wide :Record at ticket price of the new asset Fund statement: only the cash aspects of the transaction be recognized as expenditures losses and gains should be recognized on fund statements. No losses and gains should be recognized on government wide financial statement