Solved

Henry Highbrow Promises to Donate $50,000 to His Church Toward

Question 18

Multiple Choice

Henry Highbrow promises to donate $50,000 to his church toward the purchase of a new pipe organ if the church is able to raise matching funds of $50,000 from other contributors.At what point should the church record revenue?


A) When the matching funds are raised.
B) When the organ is purchased.
C) When Henry makes his pledge.
D) When Henry pays the $50,000 to the church.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions