In 2023 a not-for-profit entity conducts a special fund-raising campaign intended to raise funds for the general operations that will take place during fiscal year 2024. It receives pledges totaling $200,000. Based on past experience, the entity expects to receive $150,000 in cash. How should the entity report these events?单项选择题

A

recognize the amount pledged (net of a $50,000 allowance for estimated uncollectibles) as a receivable and as contributions with donor restriction revenue in 2023; and report the 2024 expenses as changes in net assets with donor restrictions in 2024.

B

recognize the amount pledged (net of a $50,000 allowance for estimated uncollectibles) as a receivable and as contributions with donor restriction revenue in 2023; and reclassify the net assets as without donor restrictions in 2024.

C

recognize the amount pledged (net of a $50,000 allowance for estimated uncollectibles) as a receivable and as contributions without donor restriction revenue in 2023

D

recognize a net receivable of $150,000 and $200,000 as contributions without donor restriction revenue in 2023

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