How should the revenue be valued

Assignment Help Accounting Basics

Reference no: EM131066825

Five donors have pledged $1 million each over the next 4 years to Lucky Duck University. With this in mind, answer the following questions:

1. At what point should these pledges be recognized as revenue?

2. How should the revenue be valued?

3. How should these pledges be reported as change in net assets, and in which net assets class should they be reported?

Deliverable Length: 1-2 pages

Use APA style in the body of your posting, as well as in the reference section.

Verified Expert

Here in this assignment we were given a case study and had to answer the given questions. The questions were based on Lucky Duck University case study which is about pledges and revenue. How should the revenue be valued were effectively answered in the paper.Assets, revenue and pledge were evaluated and answered in the paper effectively.

Reference no: EM131066825

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