A not-for-profit entity receives a pledge for $50,000, money that must be used for a stipulated purpose.

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A not-for-profit entity receives a pledge for $50,000, money that must be used for a stipulated purpose. How is the pledge reported if it is judged to be unconditional? How is the pledge reported if it is judged to be conditional?

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Question Posted: Aug 11, 2020 01:26 AM

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A not-for-profit entity receives a pledge for $50,000, money that must be used for a stipulated purpose.

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If a pledge of resources is unconditional the NFP reco...View the full answer

Advanced Accounting

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