Multiple Choice
An unconditional pledge of support is properly recorded as Temporarily Restricted Revenue at the time of the pledge.Changes in the present value of the receivable resulting from the passage of time is reported as:
A) Contribution revenue.
B) Interest income.
C) Program revenue.
D) None of above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: FASB Statement 136 Transfer of Assets to
Q65: All donated services are recognized as revenue.
Q96: Which of the following is a legitimate
Q97: The equity section of Statement of Financial
Q99: Which of the following are the net
Q100: FASB statement 116 requires contributions to be
Q101: A donor made a pledge in 2013
Q102: Below are the complete set of published
Q103: Care Foundation is a voluntary health and
Q113: What is the treatment of multi-year pledges