Which of the following statements is NOT correct?

Group of answer choices

A contribution receivable should be recognized as an asset when the amount can be reasonably estimated and the ultimate collection is reasonably assured.

A contribution receivable should be recognized as an asset when the amount can be reasonably estimated or the ultimate collection is reasonably assured.

Contribution revenue is a type of revenue where the contributor receives nothing directly in return for his or her contribution.

Government grants typically qualify as a contribution.