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Essentials of Accounting for Governmental and Not-for-Profit Organizations 12th Edition by Paul Copley
Edition 12ISBN: 978-0078025815Essentials of Accounting for Governmental and Not-for-Profit Organizations 12th Edition by Paul Copley
Edition 12ISBN: 978-0078025815 Exercise 3
Consider FASB standards for accounting for contributions and answer the following:
a. Outline revenue recognition criteria for resources restricted for (1) time and (2) purpose.
b. Describe the difference in accounting for contributions with a condition and a restriction.
c. Outline the requirements for recognizing contributed services as revenue.
d. Outline accounting for multiyear pledges.
a. Outline revenue recognition criteria for resources restricted for (1) time and (2) purpose.
b. Describe the difference in accounting for contributions with a condition and a restriction.
c. Outline the requirements for recognizing contributed services as revenue.
d. Outline accounting for multiyear pledges.
Explanation
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Financial Accounting Standard Board (FAS...
Essentials of Accounting for Governmental and Not-for-Profit Organizations 12th Edition by Paul Copley
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