Multiple Choice
How is an unconditional pledge to contribute to a private not-for-profit organization recorded?
A) As revenue when pledged.
B) Not recorded until received.
C) As unearned revenue.
D) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: The three classes of net assets reported
Q85: Accounting practices of private sector not-for-profit organizations
Q108: Which of the following organizations does not
Q109: Which of the following would not be
Q110: Under FASB Statement 117,reclassifications of net assets
Q111: Which of the following is not a
Q112: If a donor selects a scholarship recipient,and
Q116: According to FASB Statement No.16,Appendix D,how are
Q117: According to FASB,which of the following is
Q118: What are the financial statements required for