Question

Analyze the following two scenarios. What are your recommendations?
a. A county was the recipient of a bequest. Land was donated to the county with the donor stipulating it could only be used for the new public safety facility. How would this contribution be reported in the county’s Statement of Activities?
b. How would an entity report in its Statement of Activities restricted grants and contributions that qualify as program revenues but that may be used for either operating or capital purposes at the recipient’s discretion?



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  • CreatedOctober 25, 2014
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