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:

Luteal Phase

Part of the menstrual cycle following ovulation, characterized by the production of progesterone to prepare the uterus for a potential pregnancy.

Ovarian Cycle

The series of physiological changes that occur in the ovaries, typically on a monthly basis, involving follicle development, ovulation, and the formation of the corpus luteum.

Pregnancy

The period during which a fetus develops inside a woman's womb or uterus, usually lasting about 40 weeks from the last menstrual period to childbirth.

Embryo Implants

The process by which a fertilized embryo attaches itself to the wall of the uterus, beginning the stages of pregnancy.