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Five donors have pledged $1 million each over the next 4 years to Lucky Duck University. With this in mind, answer the following questions: At
Five donors have pledged $1 million each over the next 4 years to Lucky Duck University. With this in mind, answer the following questions:
- At what point should these pledges be recognized as revenue?
- How should the revenue be valued?
- How should these pledges be reported as change in net assets, and in which net assets class should they be reported?
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
