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?
Written in APA format 1 - 2 pages with references© BrainMass Inc. brainmass.com September 24, 2018, 5:26 pm ad1c9bdddf - https://brainmass.com/business/management-accounting/pledge-accounting-595685
This solution provides answers to various questions regarding pledges.