Choose the Correct Statement About a Restriction Placed on the Donation

question 140

Multiple Choice

Choose the correct statement about a restriction placed on the donation of equipment to a firm.

• A) The firm records the donation as it would any other donation
• B) The firm must wait until the restriction is eliminated before recording the donation
• C) The firm records an asset and a liability until the restriction is met; the liability is removed from the books upon meeting the restriction
• D) The firm records an asset and a liability until the restriction is eliminated; the liability is removed from the books when the restriction is eliminated

---

Definitions:

Range

The difference between the highest and lowest values in a dataset.

Range

The difference between the highest and lowest values in a set of data, indicating the spread of values.

Mathematical Difference

The result of subtracting one quantity from another.

Range

The difference between the largest and smallest values in a dataset, a measure of spread or variability.