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nd he add a c Transaction 1: SpCCGWO receives $1,500,000 in cash associated with a...

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Accounting

nd he add a c Transaction 1: SpCCGWO receives $1,500,000 in cash associated with a donor-restricted pledge made in the prior year. At this point, all restrictions have been deemed to have been met. Therefore, in addition to set the entry to record the cash, you should also recognize the net assets released from restricton. sse (ne' Surf Transaction 2

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