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Business, 22.02.2020 05:47 kryoung08

The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith. Ms. Smith’s gift agreement mandates that only the earnings from the gift may be used to maintain or improve athletic facilities owned by the city. Which fund should be used to account for the gift?

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The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith...
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