Multiple Choice
On December 1, 2016, a college received a pledge of support for the general endowment. Which of the following is true with respect to this pledge??
A) The contribution will be recognized as revenue in 2016 if the college is a public institution.
B) The contribution will be recognized as revenue in 2016 if the college is a private institution.
C) Both A and B are true
D) Neither A nor B are true
Correct Answer:
Verified
Correct Answer:
Verified
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