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goji.go goji.go
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Posts: 5977
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9 years ago
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
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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