Welcome to Forums Sign in | Join | Help | Forums
in Search





Make the world a better place.

Revenue recognition

Last post 05-14-2004 5:07 PM by Jeff Young. 0 replies.
Page 1 of 1 (1 items)
Sort Posts: Previous Next
  • 05-14-2004 5:07 PM

    • Jeff Young
    • Top 500 Contributor
    • Posts 20
    • Organization: Diabetes Research Institute Foundation, Inc.

    Revenue recognition

    We are a Foundation for a University School with a separate tax ID number. We have an annual committment to reimburse the University for expenses incurred by our research facility. One of our donors gave directly to the University instead of us. The money given to the University will be applied to and reduce our obligation to the annual committment. Can we book revenue recognition in this transaction as a forgiveness of debt?
Page 1 of 1 (1 items)