What is the reason for the apparent inconsistencies

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Reference no: EM131332559

Question:

A not-for-profit organization receives a restricted gift. When, and in which type of fund, should it recognize the revenue? When, and in which type of fund, should it recognize the related expense? What is the reason for the apparent inconsistencies between the fund types in which the revenue and expenses are reported?

Answers required:

Half to one page only with 2 APA references.

Reference no: EM131332559

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