An Intention to Give Is the Same as an Unconditional

question 56

True/False

An intention to give is the same as an unconditional promise to give and can be recorded as revenue when the intention is made known.

---

Definitions:

Magma Chambers

Large pools of molten rock located beneath the Earth's surface, where magma accumulates before it is erupted as lava during a volcanic eruption.

Reef

A structure formed in shallow waters by the growth and deposit of marine organisms such as corals and calcareous algae, providing diverse habitats for marine life.

Transform Fault

A type of fault where two tectonic plates slide past each other horizontally, often causing earthquakes.

Transform Fault

A type of fault where two tectonic plates slide horizontally past each other, typically associated with seismic activity.