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Business, 04.04.2020 02:59 treway3982

In March 2017, Mike Winslow promised to give $10,000 to a not-for-profit organization, provided that the organization raised another $25,000. The funds are to be used to care for abandoned and neglected pets. The organization raised the $25,000 by November 2017, and Winslow gave the $10,000 in December 2017. The $10,000 was used to care for abandoned and neglected pets in the first half of 2018. When should the organization recognize the revenue for this gift? Group of answer choices in March 2017 in November 2017 in the first half of 2018, when the money was spent for the indicated purpose either in March 2017 or in November 2017, in accordance with organizational policy

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In March 2017, Mike Winslow promised to give $10,000 to a not-for-profit organization, provided that...
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