The Net Realizable Value or Present Value of Unrestricted Pledges

question 26

Multiple Choice

The net realizable value or present value of unrestricted pledges receivable outstanding at the end of a year for a nongovernmental not-for-profit organization are

• A) Always considered unrestricted net assets.
• B) Always considered temporarily restricted net assets.
• C) Always considered permanently restricted net assets.
• D) Considered temporarily restricted unless the donor specified that the pledge was intended to finance current year expenses.

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Definitions:

Admirable Actions

Behaviors or deeds that are commendable and deserving of respect or admiration due to their moral, ethical, or noble nature.

Shameful Actions

Behaviors that one perceives as morally wrong or dishonorable, often leading to feelings of shame.

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining others' behavior.

Variety of Situations

Different or diverse scenarios, settings, or conditions in which events occur or actions are taken.