A not-for-profit entity receives $20,000 as a donation. They money must be spent for a stipulated purpose.

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A not-for-profit entity receives $20,000 as a donation. They money must be spent for a stipulated purpose. How does the reporting differ based on whether the gift is unconditional or 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: Jul 23, 2020 09:13 AM

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A not-for-profit entity receives $20,000 as a donation. They money must be spent for a stipulated purpose.

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If the 20000 donation is conditional the NFP records it as an increase in ...View the full answer

Advanced Accounting

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