An Unconditional Pledge of Support Is Properly Recorded as Temporarily

question 122

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

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Definitions:

Civil Rights Movement

A historical struggle in the United States during the mid-20th century aimed at ending racial discrimination and gaining equal rights for African Americans.

Public Relations

The practice of constructing mutually advantageous connections through strategic communication between organizations and their audiences.

Non-Profit Organizations

Non-Profit Organizations are entities that operate for the collective public or social benefit, rather than to generate profit for owners or investors.

PR Campaigns

Targeted marketing strategies designed to shape public perception and improve the reputation of an organization, individual, or cause.