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    Essentials of Accounting Study Set 2
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    Exam 10: Accounting for Private Not-For-Profit Organizations
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    If a Private Not-For-Profit Fails to Comply with Donor Restriction
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If a Private Not-For-Profit Fails to Comply with Donor Restriction

Question 153

Question 153

True/False

If a private not-for-profit fails to comply with donor restriction on contributions received,the organization must accrue and disclose a contingent liability following FASB Statement No.5.

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