Under FASB Standards How Would a Not-For-Profit Organization Recognize a Conditional

question 9

Multiple Choice

Under FASB standards how would a not-for-profit organization recognize a conditional pledge?

• A) Debit Pledges Receivable and credit Contributions-With Donor Restrictions.
• B) Debit Pledges Receivable and credit Deferred Contributions.
• C) Debit Conditional Pledges Receivable and Credit Deferred Contributions.
• D) It would not recognize the conditional pledge until pledge conditions are substantially met.

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Definitions:

Shock Absorbers

Devices designed to absorb and damp shock impulses, often used in vehicle suspension systems.

Nucleus Pulposus

The gel-like inner core of an intervertebral disc, which helps absorb shock and maintain flexibility of the spine.

Intervertebral Disks

The cartilaginous pads located between the vertebrae in the spine, acting as shock absorbers.

Vertebral Foramen

The central canal in a vertebra through which the spinal cord passes, protected by the vertebral arch.