Question: Which entry would be the correct entry on the not-for-profit entity's books to record a donor's gift when the donor retains power over the assets?

Which entry would be the correct entry on the not-for-profit entity's books to record a donor's gift when the donor retains power over the assets? DEBIT CREDIT A. Expense-charitable contribution Cash B. Refundable advance to charity Cash C. Cash Liability to beneficiary D. Cash Refundable advance E. Cash Contribution revenue Multiple Choice Option C Option D Option E Option B Option A

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