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ASC 720, Other Expenses, provides guidance on the recognition and measurement of accounting for contributions, including an unconditional promise to give. Unconditional promises (e.g., pledges to a not-for-profit organization) are any promises that depend only on the passage of time or demand by the promissee for performance. Disclosures for the makers of these promises and indications of the intention to give are included within ASC 450, Contingencies (see FSP 23), and ASC 470, Debt (see FSP 12).

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