How is this donation reported by the school assuming

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Problem

Mr. Armstrong agrees to donate $100,000 to New Hopeful College once land has been acquired for a new football field. Mr. Armstrong gives $12,000 of this money immediately to show that he is sincere. The land has just been bought but no construction has begun. Get the instant assignment help. How is this donation reported by the school assuming it qualifies as a private not-for-profit organization?

Reference no: EM133919638

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