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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, Contributions with Future Payment Dates Beyond One
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Under FAS 116, Contributions with Future Payment Dates Beyond One

Question 97

Question 97

True/False

Under FAS 116, contributions with future payment dates beyond one year are not recognized in the financial statements.

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