_____ A religious organization received a building and land as a gift from a local company with the understanding that the building would be used as a training center for organization members or for any other purpose consistent with the organization's mission. How would the nonprofit organization report the contribution?
A) As temporarily restricted support.
B) As unrestricted support.
C) As permanently restricted support.
D) As temporarily restricted support or unrestricted support at the discretion of the board.
E) None of the above.
Correct Answer:
Verified
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Q86: _ Under FAS 116, which of the
Q87: _ Under FAS 116, contributed collection items
A) Must
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Q91: _ A historical society received several old pictures
Q92: _ Under FAS 117, which of the following
Q93: _ Under FAS 117, which of the following
Q94: _ Under FAS 117, voluntary health and
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