An Unconditional Pledge of Support Is Properly Recorded as Temporarily

question 131

Multiple Choice

An unconditional pledge of support is properly recorded as Temporarily Restricted Revenue at the time of the pledge. Changes in the present value of the receivable resulting from the passage of time is reported as:

• A) Interest income.
• B) Program revenue.
• C) Contribution revenue.
• D) Other comprehensive income/loss.

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Definitions:

Common Goal

An objective or target shared by a group, which guides collective efforts.

Productive Forgetting

The beneficial aspect of forgetting that allows individuals to discard irrelevant information to enhance learning and decision-making efficiency.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise, rather than internal factors like personal satisfaction or enjoyment of the task itself.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.