Which of the Following Is Not True About Multi-Year Pledges

question 16

Multiple Choice

Which of the following is not true about multi-year pledges or pledges payable in the future?

• A)​The pledges are recorded as unrestricted if the donor has not stipulated any restrictions.
• B)​The pledges are recorded at their present value.
• C)​The pledges are treated as temporarily restricted revenue.
• D)​An allowance for doubtful contributions should be established based on historical expenses.

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Definitions:

Suspicious Motives

The assumption or belief that underlying intentions or motivations of an individual or group are questionable, dishonest, or harmful.

Extraversion

A personality trait characterized by outgoingness, sociability, and a tendency to seek stimulation and the company of others.

Narcissism

A personality trait characterized by an excessive interest in or admiration of oneself and one's physical appearance.

Interpersonal Intelligence

The ability to understand and interact effectively with others, recognizing their moods, motivations, and intentions.