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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A nongovernment, not-for-profit organization received $5,000,000 of unconditional pledges during 2013 that had not been collected by year end. In its 2013 statement of activities, the organization should recognize
A.   No revenues, but should report receivables and deferred revenues in its balance sheet.
B.   Unrestricted revenues of $5,000,000.
C.   Temporarily restricted revenues of $5,000,000.
D.   Permanently restricted revenues of $5,000,000.
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1 Reply
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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