Question
which of the following is not true regarding contributions receivable for not for profit organizations that are nongovernmental in nature? A.A conditional contribution receivable would
which of the following is not true regarding contributions receivable for not for profit organizations that are nongovernmental in nature?
A.A conditional contribution receivable would be recorded as a derfered revenue.
B.A pledge that is made for several years will be recorded at the present value of the future receipts,and the incremental value each yaer will be recorded as interst revenue.
C.An unconditional contribution is recorded in the priod in which the promise to contribute is made,regardless of when the money is actually received.
D.A contribution reveibale is recognized as revenue when it becomes unconditional.
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