The FASB Generally Requires That Not-For-Profit Organizations Record Unconditional Pledges

question 76

True/False

The FASB generally requires that not-for-profit organizations record unconditional pledges as support (contributions) only when received in cash.

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Definitions:

On-Premise CRM

A CRM system that is installed and runs on the servers of the organization, rather than at a remote facility like the cloud.

CRM Application

Customer Relationship Management Application; software that helps businesses manage, track, and improve their interactions with customers and potential customers.

Supply Chains

The sequence of processes involved in the production and distribution of a commodity, from the sourcing of raw materials to the delivery of the final product to the consumer.

Material

Refers to physical substances from which objects are made, often characterized by their durability, flexibility, and other physical properties.