Which of the Following Is Not True About Multi-Year Pledges

question 16

Multiple Choice

Which of the following is not true about multi-year pledges or pledges payable in the future?

• A)​The pledges are recorded as unrestricted if the donor has not stipulated any restrictions.
• B)​The pledges are recorded at their present value.
• C)​The pledges are treated as temporarily restricted revenue.
• D)​An allowance for doubtful contributions should be established based on historical expenses.

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Definitions:

Complex Cortical Cells

Complex cortical cells are neurons found in the visual cortex that respond optimally to specific visual stimuli, such as movement in a particular direction.

Pleistocene

The geological epoch from about 2.6 million to 11,700 years ago, characterized by the last Ice Ages.

Color Vision

The ability of the visual system to distinguish objects based on the wavelengths of light they reflect, absorb, or emit.

Lesions

A lesion refers to any damage or abnormal change in the tissue of an organism, usually caused by disease or trauma.