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What are the revenue recognition requirements for:
(1) Unconditional promises to give (i.e. pledges),
(2) Conditional promises to give,
(3) Multi-year pledges,
(4) Donated services and
(5) Donated materials or fixed assets.
P(A)
The probability of event A occurring in a given statistical experiment or context.
P(B)
Symbolically represents the probability of occurrence of event B in a statistical context.
Collectively Exhaustive
A term used to describe a set of events that covers all possible outcomes of an experiment.
P(A)
The probability of event A occurring in a given sample space, representing the likelihood of a specific outcome.
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