When Should Unconditional Pledges Be Recorded as Revenue

question 27

Multiple Choice

When should unconditional pledges be recorded as revenue?

• A) Never.
• B) When money is received.
• C) When the pledge is made.
• D) When full collection is assured.

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Definitions:

Myelination

The process by which a myelin sheath is formed around nerves, thus enhancing the rate at which signals travel along the myelinated fibers.

Second Growth Spurt

The phase of accelerated growth typically occurring during adolescence, following the initial growth spurt in early childhood.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Infants

Young children from birth to one year of age, focusing on rapid physical and cognitive development during this early life stage.