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Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson
Edition 17ISBN: 978-1259564239Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson
Edition 17ISBN: 978-1259564239 Exercise 6
Tupper Memorial Hospital received from a donor a $50,000 contribution and a $50,000 pledge payable in one year. The donor required that the funds be used for heart research. Explain differences in accounting for the donor's contribution and pledge if Tupper is ( a ) a government hospital and ( b ) a not-for-profit hospital.
Explanation
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Not for Profit (NFP) organization:
A fo...
Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson
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