_____ Under FAS 116, which of the following is a condition that, if satisfied, requires the recognition of contributed collection items?
A) The collection must be held for public exhibition, education, or research in furtherance of public service rather than for financial gain.
B) The collection must be protected, kept unencumbered, cared for, and preserved.
C) The nonprofit organization must have an organizational policy requiring the proceeds from sales of collection items to be used to acquire other items for collections.
D) All of the above.
E) None of the above.

Question

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The Answer of _____ Under FAS 116, which of the following is a condition that, if satisfied, requires the recognition of contributed collection items?
A) The collection must be held for public exhibition, education, or research in furtherance of public service rather than for financial gain.
B) The collection must be protected, kept unencumbered, cared for, and preserved.
C) The nonprofit organization must have an organizational policy requiring the proceeds from sales of collection items to be used to acquire other items for collections.
D) All of the above.
E) None of the above.

_____ Under FAS 116, Which of the Following Is a Condition