Profit and not for profit accounting
tiger1Five donors have pledged $1 million each over the next 4 years to Lucky Duck University. With this in mind, answer the following questions:
- 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?
1–2 pages
Use APA style in the body of your posting, as well as in the reference section.
Please submit your assignment.
| Grading Criteria | |
| Correctly identify when the revenue should be recognized. | 40% |
| Correctly identify the value of the revenue. | 28% |
| Correctly identify the net asset class. | 24% |
| Use proper formatting for the assignment and references. | 8% |
For assistance with your assignment, please use your text, Web resources, and all course materials.
10 years ago
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