The Following Information Applies to the Next Three Questions

question 82

Multiple Choice

The following information applies to the next three questions:
A private foundation made a multi-year pledge to a private college on December 31, 2013, the last day of the fiscal year. The pledge was to pay $12,000 per year each year for five years, beginning on December 31, 2014. The discount rate is 6%. The present value of five payments of $12,000 is $50,548. The present value of four payments of $12,000 is $41,581. No purpose or plant restrictions were involved.
-As of December 31,2013,the contribution revenue would be classified as:

• A) Unrestricted.
• B) Temporarily restricted.
• C) Permanently restricted
• D) None of the above.

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Definitions:

Techniques Of Learning

Various methods or strategies employed to facilitate the acquisition of knowledge, skills, or understanding.

Historical Forces

Factors or influences from the past that shape the direction of societal development or individual behavior.

Type Of Society

Describes the categorization of societies based on their social, economic, and cultural characteristics.

Child-Rearing Studies

Research and analysis focused on the methods and practices parents use to raise their children and the effects of these methods on child development.