An annual contributor to a nongovernmental not-for-profit hospital made an unrestricted pledge in October 2016 that will be paid in March 2017.Assuming the hospital's fiscal year-end is December 31,2016,the pledge should be credited to:
A) Contributions-Temporarily Restricted in 2016.
B) Contributions-Unrestricted in 2016.
C) Contributions-Temporarily Restricted in 2017.
D) Contributions-Unrestricted in equal amounts in 2016 and 2017.
Correct Answer:
Verified
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