Which of the following recognition and measurement bases best summarizes the usual treatment of current contributions to private not-for-profit entities in accordance with ASC 958? 
Correct Answer:
Verified
Q2: Investment income for not-for-profit entities may include:
I.interest
Q4: One of the major objectives of ASC
Q8: For the year ended June 30,20X9,a university
Q9: In accordance with ASC 958,contributions of services
Q10: According to ASC 958,not-for-profit entities should report
Q10: A private,not-for-profit geographic society received cash contributions
Q11: A private university offers graduate assistantships to
Q14: In a university,class cancellation refunds of tuition
Q18: The term "restricted" as used in university
Q20: Assume that a private university collects tuition
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