A donor gives art supplies to a private, nonprofit art college. The donor paid $50,000 for the
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A donor gives art supplies to a private, nonprofit art college. The donor paid $50,000 for the supplies, but the supplies may be purchased for $45,000 at the time they are donated to the college. How will the college record the donation?
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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