Assignment One – coursefighter.com
Business Finance – coursefighter.com
Transactions and Determining Outcomes
Five 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?