An Unconditional Pledge of Support Is Properly Recorded as Temporarily

question 98

Multiple Choice

An unconditional pledge of support is properly recorded as Temporarily Restricted Revenue at the time of the pledge.Changes in the present value of the receivable resulting from the passage of time is reported as:

• A) Contribution revenue.
• B) Interest income.
• C) Program revenue.
• D) None of above is correct.

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Definitions:

Hippocampus

A region of the brain crucial for learning and memory, located within the temporal lobes.

Prefrontal Area

A region at the front of the frontal lobe in the brain, associated with complex cognitive behavior, personality expression, and decision making.

Memory

Capacity of the brain to store and retrieve information about past sensations and perceptions; essential to learning.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.