_____ Under FAS 116, When Are Conditional Promises to Give Cash

Multiple Choice

_____ Under FAS 116, when are conditional promises to give cash recognized in the financial statements?

A) When the promise is received.
B) When the cash is collected.
C) When the promise becomes unconditional in status.
D) When the possibility of occurrence of the condition set forth in the promise becomes remote.
E) None of the above