According to GASB Statement 33,with respect to public colleges and universities,pledges receivable are recognized as assets and revenues when the pledge is made.

Name: According to GASB Statement 33,with respect to public colleges and universities,pledges receivable are recognized as assets and revenues when the pledge is made.
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GASB Statement 33 requires that pledges receivable be recognized as assets and revenues when they are measurable and probable of collection, not simply when the pledge is made.

According to GASB Statement 33,with Respect to Public Colleges and Universities,pledges