A Donor Made an Unconditional Pledge in 2014 of

question 88

Multiple Choice

A donor made an unconditional pledge in 2014 of $ 50,000 to a private not-for-profit organization with the intent to pay the cash in 2015 for unrestricted use in 2015. The organization should:

• A) Record the pledge receivable and deferred revenue in 2014.
• B) Record the pledge as temporarily restricted revenue in 2014 and reclassify it to unrestricted in 2015.
• C) Record the pledge as unrestricted revenue in 2014.
• D) Record the pledge as temporarily restricted revenue in 2014 and reclassify it to unrestricted in 2015, but only in an amount equivalent to the amount that is spent in 2015.

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Definitions:

Long-delay Learning

A learning process where there is a significant time gap between the stimulus and the response or reinforcement, making the learning task more difficult.

Pavlovian Preconditioning

A process in classical conditioning where a neutral stimulus is presented just before a conditioned stimulus, often enhancing the learning of the conditioned response.

Sick

Sick refers to a state of not being healthy, experiencing illness, disease, or discomfort, affecting an organism's normal functioning.

Ritualistic Behaviors

Repetitive actions often performed with a symbolic meaning or to fulfill a psychological or cultural need.