Jordan Made a $100,000 Contribution to the Appo Society, a Not-For-Profit

question 17

Multiple Choice

Jordan made a $100,000 contribution to the Appo Society, a not-for-profit organization. Jordan stipulated that his contribution be used for the organization's breakfast program in the next year. How should Appo record the contribution at the time of contribution?

• A)As contribution revenue
• B)As a deferred contribution
• C)As a prepaid expense
• D)No entry is required

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