When Should a Not-For-Profit Entity Recognize Pledge Revenue That Is

question 8

Multiple Choice

When should a not-for-profit entity recognize pledge revenue that is contingent upon raising a matching amount?

• A) When the pledge is made.
• B) When the cash is received.
• C) When the matching funds have been raised.
• D) When the project is completed.

---

Definitions:

Prototype

A typical or preliminary model of something, especially a concept, process, or product, that serves as a basis for further development.

Prototype

An original model or first example of something from which other forms are copied or developed.

Blue Jay

A medium-sized bird known for its vibrant blue color and loud calls, native to North America.

Penguin

A flightless bird native to the Southern Hemisphere, known for its distinctive black and white plumage and ability to swim.