Author Question: Generally accepted accounting principles require accrual-basis accounting. a. True b. False ... (Read 150 times)

jrubin · **on:** Jul 5, 2018

Generally accepted accounting principles require accrual-basis accounting.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The net realizable value or present value of unrestricted pledges receivable outstanding at the end of a year

a. are always considered unrestricted net assets.
b. are always considered temporarily restricted net assets.
c. are always considered permanently restricted net assets.
d. are considered temporarily restricted unless the donor specified that the pledge was intended to finance current year expenses.