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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: Supporting activities as classified in the Statement
Q28: A membership pass to the YMCA (a
Q90: Lisa informed her church that she had
Q99: Which of the following are the net
Q145: The-GASB has standards-setting authority over state and
Q146: According to FASB Statement 124,Accounting for Certain
Q147: A donor made a cash contribution of
Q148: Contributions to a private not-for-profit may be
Q149: Which of the following would be a
Q150: What financial ratio is most commonly used