Which of the following is not true about multi-year pledges or pledges payable in the future?
A) The pledges are recorded as unrestricted if the donor has not stipulated any restrictions.
B) The pledges are recorded at their present value.
C) The pledges are treated as temporarily restricted revenue.
D) An allowance for doubtful contributions should be established based on historical expenses.
Correct Answer:
Verified
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