According to the FASB,a voluntary health and welfare organization would report the account Provision for Uncollectible Pledges as which of the following?

Question

Quizplus · Accepted Answer

According to FASB, voluntary health and welfare organizations should report the Provision for Uncollectible Pledges as an expense in the statement of activities, rather than as a contra asset or revenue. However, it should be noted that FASB allows management to determine its policy for reporting the provision for uncollectible pledges.

According to the FASB,a Voluntary Health and Welfare Organization Would