Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
Question
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Chapter 14, Problem 5Q
To determine

Explain the difference between unconditional and conditional pledge and explain the way they reported.

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What is the difference between an unconditional and conditional pledge ?  How are the two pledges reported?
What are the characteristics of the contract of pledge?
Is the answer pledge correct or is this also a contribution?
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