A Voluntary Health and Welfare Organization Reports Pledges Receivable on Its

question 51

Multiple Choice

A voluntary health and welfare organization reports pledges receivable on its statement of financial position at the present value of the future cash collections.How is the increase in the present value of the pledges receivable,which is due to the passage of time,reported on the voluntary health and welfare organization's statement of activities?

• A)As interest income-temporarily restricted.
• B)As an increase in pledges receivable-temporarily restricted.
• C)As an increase in contributions-temporarily restricted.
• D)As an increase in deferred revenue-temporarily restricted.

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Definitions:

Carbon-Carbon Double Bond

A chemical bond between two carbon atoms involving four bonding electrons, making compounds more reactive.

Geometry

The branch of mathematics that deals with the properties and relationships of points, lines, surfaces, and solids.

Alkene

Organic compounds that differ from alkanes by having at least one double bond between carbon atoms, making them unsaturated.

Heat Of Hydrogenation

The heat of hydrogenation is the change in enthalpy that occurs when an unsaturated compound reacts with hydrogen to become saturated, used as a measure of the stability of the compound’s double bonds.