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GertrudeRichmakesapledgetoapublicuniversityfor$500,000.Thepledgewasmadein2017butGertrudespecifiedthefundsbeexpendedin2018.Whenwouldtheuniversityrecognizethecontributionrevenue? a. 2017 b. 2018 c. In the year cash is received d. When the cash is expended
- GertrudeRichmakesapledgetoapublicuniversityfor$500,000.Thepledgewasmadein2017butGertrudespecifiedthefundsbeexpendedin2018.Whenwouldtheuniversityrecognizethecontributionrevenue?
a. 2017
b. 2018
c. In the year cash is received
d. When the cash is expended
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
