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The Foundation for Educational Excellence has decided to

support the
The Foundation for Educational Excellence has decided to support the Tri-County School
District's series of teacher training workshops intended to improve instruction in mathematics.
The foundation is considering four ways of wording the grant agreement, which would be dated
December 1, 2018:1. The foundation agrees to reimburse the district for all workshop costs up
to $200,000.2. The foundation is pleased to enclose a check for $200,000 to be used
exclusively to support a series of teacher training workshops intended to improve instruction in
mathematics.3. The foundation will donate $200,000 to the school district as soon as the district
conducts its planned series of teacher training workshops, intended to improve instruction in
mathematics.4. The foundation is pleased to enclose a check for $200,000 to be used
exclusively to support a series of teacher training workshops intended to improve instruction in
mathematics. The workshops are to be conducted between January 1 and December 31,
2019.The school district expects to conduct the workshops in 2019. Explain how the wording of
the grant agreement would affect the year in which the school district recognized revenue.
Indicate the relevant restriction, contingency, or eligibility requirement (e.g., time requirement;
purpose restriction) to which each grant is subject, and explain how it bears on the issue of
revenue recognition.View Solution: The Foundation for Educational Excellence has decided to
support the
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