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Title: Ruth Richter gives a not-for-profit entity $25,000 in cash. She tells the entity Post by: goji.go on Oct 20, 2014 Ruth Richter gives a not-for-profit entity $25,000 in cash. She tells the entity that it may use the gift for particular research project but only after it receives at least $20,000 cash from other donors to help complete the project. If the entity fails to raise the additional $20,000, it must return Ruth’s gift. What account should the entity credit when it receives Ruth’s gift?
a. Unrestricted support - contributions b. Temporarily restricted support - contributions c. Refundable advance (deferred revenue) d. Allowance for uncollectible contributions Title: Re: Ruth Richter gives a not-for-profit entity $25,000 in cash. She tells the entity Post by: f_zah1 on Oct 23, 2014 Content hidden
Title: Re: Ruth Richter gives a not-for-profit entity $25,000 in cash. She tells the entity Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: Ruth Richter gives a not-for-profit entity $25,000 in cash. She tells the entity Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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