Question
The Music Listening Room, Inc. received a new building from a benefactor with no restrictions as to its use. The Music Listening Room does not
The Music Listening Room, Inc. received a new building from a benefactor with no restrictions as to its use. The Music Listening Room does not have a policy implying a time restriction on donated assets. How should the donation be recognized?
A. Net assets without donor restrictions
B.Net assets with temporarily restricted donor restrictions
C.Net assets with permanently restricted donor restrictions
D.Net assets with donor restrictions
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Cost Accounting Fundamentals Essential Concepts And Examples
Authors: Steven M. Bragg
3rd Edition
0980069998, 978-0980069990
