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What are the criteria to recognize the services performed

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Reference no: EM133109399

Questions -

Q1. Why are unconditional promises considered temporary restricted contributions?

Q2. What happens when contributions are received prior to meeting substantially the attached condition on the contribution?

Q3. What are the criteria to recognize the services performed without a fee?

Q4. Works of art are not recognized when all the criteria are met and these are? Explain.

Q5. Explain the importance and relevance of Statement of Activities.

Reference no: EM133109399

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