Private colleges and universities recognize revenue in the year in which the unconditional pledge is made.

Question

Quizplus · Accepted Answer

Private colleges and universities follow the donor's pledge agreements and recognize revenue in the year in which the unconditional pledge is made. This applies to both cash and non-cash donations. However, if the pledge is conditional, revenue recognition is postponed until the condition is met.

Private Colleges and Universities Recognize Revenue in the Year in Which