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    Advanced Accounting Study Set 12
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    Exam 18: Accounting and Reporting for Private Not-For-Profit Organizations
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    Assume There Are No Donor Rights to Revoke or Redirect
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Assume There Are No Donor Rights to Revoke or Redirect

Question 70

Question 70

Essay

Assume there are no donor rights to revoke or redirect the gift.Prepare the journal entries for Charity A when the gift is received, and for Charity A and Charity B when the gift is distributed.

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