Multiple Choice
An alum commits to pledging $10,000 to Greystone College in 2011 and then pays in 2012,how much revenue will Greystone College recognize in 2011?
A) $10,000.
B) $0.
C) $9,000.
D) $7,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: Tuition revenue for summer classes spanning two
Q14: Funds that are restricted for a certain
Q88: A Charitable lead trust is a split-interest
Q89: Private colleges are required to report net
Q90: When a private college or university has
Q91: Record the following transactions on the books
Q92: Only not-for-profit organizations follow FASB guidelines AND
Q94: College and universities treat uncollectible accounts as
Q96: As of December 31,2011,the contribution revenue would
Q97: Which of the following is an example