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) Interest income.
B) Contribution revenue.
C) Program revenue.
D) None of above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Private not-for-profit organizations record depreciation expense.
Q19: With respect to the Statement of Cash
Q94: Performing arts organizations are an example of
Q120: In 2015,a major drug company agreed to
Q124: A private not-for-profit organization received a gift
Q125: Uptown Church received a donation of marketable
Q126: Answer the following questions regarding financial reporting
Q140: The Statement of Functional expenses presents a
Q157: The FASB requires private not-for-profit organizations to
Q164: Present and potential donors are the primary