Assignment One –

Assignment One –

Business Finance –

Transactions and Determining Outcomes

One Page:

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?