When would receipt of a grant be recorded as revenue rather than a contribution? Give an example

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When would receipt of a grant be recorded as revenue rather than a contribution? Give an example of a transaction in which a grant would be recorded as revenue.

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Jan 11, 2014 09:37 AM

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When would receipt of a grant be recorded as revenue rather than a contribution? Give an example

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Not all grants are recorded as nonexchange transactions ...View the full answer

Accounting for Governmental and Nonprofit Entities

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