asked 57.4k views
2 votes
A donor made an unconditional pledge in 2019 of $8,000 to a private not-for-profit organization with the intent to pay the cash in June 2020. The organization should:

asked
User Rolfe
by
7.3k points

1 Answer

6 votes
Record the pledge as revenue with the donor restrictions in 2019 and reclassify it without donor restrictions in 2020
answered
User TJ Amas
by
7.8k points
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