Unconditional promises to give represent assets to nonprofits because all the nonprofit has to do is ask for them or wait for them to be paid.

Name: Unconditional promises to give represent assets to nonprofits because all the nonprofit has to do is ask for them or wait for them to be paid.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unconditional promises to give-those that depend only on the passage of time or demand by the receiver of the promise-meet the definition of assets because promise makers generally feel bound to honor them.

Unconditional Promises to Give Represent Assets to Nonprofits Because All