Question
Z was awarded $200 by a local charity for his commitment to the community. Z did not have to apply to receive the award and
Z was awarded $200 by a local charity for his commitment to the community. Z did not have to apply to receive the award and he does not have any commitment of services in the future. He used the $200 to buy school supplies for his children. The $200 is not included in his income.
True or False ?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
