What account is credited when a company receives donated assets? What is the rationale for this choice?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Aug 18, 2017 01:51 PM

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What account is credited when a company receives donated assets? What is the rationale for this choice?

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Revenue The rationale is th...View the full answer

Intermediate Accounting

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