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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