A Conditional Pledge Should Be Recognized as Revenue When the Pledge

question 134

True/False

A conditional pledge should be recognized as revenue when the pledge is made.

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Definitions:

Facilitate Survival

Enabling the continued existence or longevity of an organism, system, or organization through support, efficiency improvements, or resource provisioning.

Group Development Process

A dynamic model describing the stages (forming, storming, norming, performing, adjourning) through which a group progresses over time as relationships form, conflicts are addressed, and norms are established.

Mature Group

A team or group that has developed to a stage of full or advanced growth in terms of processes, relationships, and effectiveness.

Cohesion Stage

A phase in team development where members start to bond, build trust, and work efficiently toward common goals.