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When to recognize pledge revenue and contribution revenue

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When does a not-for-profit organization recognize pledge revenue and contribution revenue?

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The 162 word, well-cited solution explains the conditions for recording pledge and contribution revenue.

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When does a not-for-profit organization recognize pledge revenue and contribution revenue?

A pledge given to a not for profit entity will be recognized as revenue when all conditions of the pledge have been satisfied or removed. Because pledges are unenforceable, revenue recognition should not recorded until sufficient control can be established to verify and ...

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