According to FASB 116, conditional promises to give shall be.Recognized when the conditions on which they depend

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According to FASB 116, conditional promises to give shall be.Recognized when the conditions on which they depend are substantially met. If a private foundation agrees to match 50% of all other contributions up to $ 1 million.

How will an NFP organization record revenues if $2,200,000 was raised in other donations in one year?

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Jul 22, 2023 01:13 AM

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According to FASB 116, conditional promises to give shall be.Recognized when the conditions on which they depend

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According to FASB 116 Financial Accounting Standards Board Statement No 116 for a nonprofit organiza... View the full answer

Smith and Roberson Business Law

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