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
This solution provides answers to various questions regarding pledges.