A contribution made in 2013 to a not-for-profit organization, which is restricted to usage to in the organization's 50th anniversary year in 2015, is recorded as a credit to:

Question

Quizplus · Accepted Answer

The contribution is specifically restricted to usage in the organization's 50th anniversary year in 2015, which indicates that it is temporarily restricted. Therefore, it should be recorded as a credit to "Revenue--temporarily restricted."

A Contribution Made in 2013 to a Not-For-Profit Organization, Which