Question
19. A donor promises to give $50,000 cash to the WWU Physics Department to be used as scholarships for physics majors. The university will record
19. A donor promises to give $50,000 cash to the WWU Physics Department to be used as scholarships for physics majors. The university will record
a. | Contribution Revenue Unrestricted | c. | Contribution Revenue - Permanently Restricted |
b. | Contribution Revenue Temp. Restricted | d. | nothing |
20. In its fund-raising drive, the Humane Society received total pledges of $55,000; it also contacted other possible donors who were still considering whether to make pledges of $8,000. What amount of contribution revenue should be recorded?
a. | $55,000 | c. | $8,000 |
b. | $63,000 | d. | Zero |
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