Question
Why is a board-designated fund not donor-restricted?
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Answer
The board can reverse the designation.
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Question
How are NFP mergers and acquisitions accounted for differently?
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Answer
Mergers use carryover; acquisitions use acquisition accounting.
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Question
When is a restriction for acquiring a long-lived asset released?
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Answer
When the asset is placed in service.
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Question
Why is a grant with a barrier and right of return conditional?
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Answer
No revenue until the barrier is substantially met.
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