Advanced Accounting (Canada) · Not-for-Profit & Public Sector Accounting

An NFPO using the restricted fund method receives an externally restricted contribution, but it has not set up a restricted fund for that purpose. How is the contribution recognized?

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More in Not-for-Profit & Public Sector Accounting

Under the restricted fund method, when is an externally restricted contribution recognized as revenue, and what makes that timing different from the deferral method?

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