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    Advanced Accounting Concepts and Practice
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    Exam 26: Not-For-Profit Organizations: Introduction and Private Npos
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    Under FAS 116, Collection Items May Be Capitalized Retroactively, Prospectively
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Under FAS 116, Collection Items May Be Capitalized Retroactively, Prospectively

Question 66

Question 66

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Under FAS 116, collection items may be capitalized retroactively, prospectively, or selectively.

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