An alumna of a sorority donates $12,000 to it for restricted use in its community service activity.

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An alumna of a sorority donates $12,000 to it for restricted use in its community service activity. How does this ONPO account for the contribution? How does it account for the $12,000 expenditure?

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Advanced Financial Accounting

ISBN: 978-0078025877

11th edition

Authors: Theodore E. Christensen, David M. Cottrell, Cassy JH Budd

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Question Posted: Apr 13, 2017 10:41 AM

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An alumna of a sorority donates $12,000 to it for restricted use in its community service activity.

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Advanced Financial Accounting

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