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QUESTION

Exercise 10-8.

Exercise 10-8.On January 1, 2012 a foundation made a pledge to pay $ 30,000 per year at the end of each of the next five years to the Cancer Research Center, a non-profit voluntary health and welfare organization as a salary supplement for a well-known researcher. On December 31, 2012, the first payment of $ 30,000 was received and paid to the researcher.1.

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