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Pledge accounting

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I need help with answering these questions.

If five donors have pledged $1 million each over the next 4 years to Lucky Duck University:
- At what point should these pledges be recognized as revenue?
- How should the revenue be valued?
- How should these pledges be reported as change in net assets, and in which net assets class should they be reported?

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Solution Summary

This solution provides answers to various questions regarding pledges.

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