For this week I will lay a fake scenario,

Regis University just announced that it received a multi$-$year unconditional pledge from the comedian Bill Murray. How will Regis report that pledge and which financial statements will be affected? Should they have asked for a one$-$year restricted pledge, and why? Or$,$ you can ask the same questions about the pledge by Mr$.$ Anderson who recently gave $10-20$ million dollars to Regis University and why we are called the Anderson School of business.