Business, 14.02.2020 19:45 natalie6089

The Cats and Dogs League was organized as a nongovernmental not-for-profit organization. The League received a pledge of $10,000 to be used to build an addition to the kennel. This donation will not be received for three years. How should this pledge be recorded?
a. It should not be accounted for until it is received.
b. As a conditional promise to give of $10,000.
c. As temporarily restricted support of the present value of $10,000.
d. As temporarily restricted support of $10,000.

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The Cats and Dogs League was organized as a nongovernmental not-for-profit organization. The League...