Which of the Following Statements Is NOT Correct

Which of the following statements is NOT correct?

A) A contribution receivable should be recognized as an asset when the amount can be reasonably estimated and the ultimate collection is reasonably assured.
B) A contribution receivable should be recognized as an asset when the amount can be reasonably estimated or the ultimate collection is reasonably assured.
C) Contribution revenue is a type of revenue where the contributor receives nothing directly in return for his or her contribution.
D) Government grants typically qualify as a contribution.