A Donor Made a Pledge in 2011 of $50,000 to a Private

question 57

Multiple Choice

A donor made a pledge in 2011 of $50,000 to a private not-for-profit organization with the intent to pay the cash in 2012 for unrestricted use in 2012.The organization should:

• A) Record the pledge receivable and deferred revenue in 2011.
• B) Record the pledge as unrestricted revenue in 2011.
• C) Record the pledge as temporarily restricted revenue in 2011 and reclassify it to unrestricted in 2012.
• D) Record the pledge as temporarily restricted revenue in 2011 and reclassify it to unrestricted in 2012, but only in an amount equivalent to the amount that is spent in 2012.

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Definitions:

Power And Privilege

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Political Action

Activities or movements aimed at influencing or changing government policies, public opinion, or social conditions.

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Sociologists or social scientists who view social life as a competition, focusing on the distribution of power, resources, and inequality.

Jack Katz

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