Which account should be credited to record a gift of cash which is from an outside party

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Which account should be credited to record a gift of cash which is from an outside party to an animal rescue agency and is used for expenses to care for the animals?

A. Non-Operating Gain – Special Revenues.

B. Drugs and Medicines.

C. Patient Service Revenues.

D. Contractual Adjustments.

E. Unrestricted net assets - contributions.

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Jan 18, 2021 11:13 AM

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Which account should be credited to record a gift of cash which is from an outside party

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Required solution Answer Unrestricted net assets contribution explaination T... View the full answer

Advanced Accounting

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