Multiple Choice
On December 1, 2016, a college received a pledge to support a program in the following two years. Which of the following is true with respect to this pledge?
A) If the college is a private institution, the contribution revenue will be recognized within the temporarily restricted category provided the pledge is unconditional.
B) If the college is a public institution, no contribution revenue will recognized in 2016 since the time restriction is deemed to be an unsatisfied eligibility requirement.
C) Both A and B are true
D) Neither A nor B are true
Correct Answer:
Verified
Correct Answer:
Verified
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