[GNC] Dealing with discounts when not using Business Features

[Stan Brown]

But even if formally restricted, I believe it's not a liability but a
_contingent_ liability. It only becomes a liability if the organization
makes a decision not to use it in that way, or if a deadline runs out.

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com

On 2023-06-01 11:06, Michael or Penny Novack wrote:
> Whether restricted donations are properly treated as liabilities depends
> on:
> 
> 1) Whether formally or informally restricted (moral restriction only) 
> << in other words, whether would need to return if not used for
> designated purpose >>