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Author Question: The time an asset is expected to last is called its a. depreciation. b. fiscal period. c. net ... (Read 15 times)

Coya19@aol.com

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on: Jul 5, 2018
The time an asset is expected to last is called its
 a. depreciation.
   b. fiscal period.
   c. net loss value.
   d. useful life.

Question 2

A not-for-profit organization receives a pledge from a donor in fiscal 2013 . The terms of the pledge are such that the organization will receive a large contribution in fiscal 2015 .
 
  At what value should the pledge be reported in the organization's 2013 statement of financial position?
   a. face or nominal value
   b. compound value
   c. marginal value
   d. present value


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Kedrick2014

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

d


Coya19@aol.com

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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