An annual contributor to a not-for-profit hospital made an unrestricted pledge in October 2010 that will be paid in March 2011.Assuming the hospital's fiscal year-end is December 31,2010,the pledge in October 2010 should be credited to:
A) Contributions-Temporarily Restricted in 2010.
B) Contributions-Unrestricted in 2010.
C) Contributions-Temporarily Restricted in 2011.
D) Contributions-Unrestricted in equal amounts in 2010 and 2011.
Correct Answer:
Verified
Q7: Continuing care retirement communities (CCRC) provide residential
Q16: The required financial statements for a not-for-profit
Q17: All health care organizations report investments at
Q19: Endowment income expended by a not-for-profit health
Q20: The purpose of a performance indicator is
Q22: Contractual Adjustments is properly characterized as
A)An expense.
B)An
Q23: SFAS No.117 requires that interest received on
Q25: The statement of activities required by SFAS
Q26: Which of the following statements is true
Q37: Independent health care organizations that associate for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents