QUESTION 9 Which of the following would not be correct with respect to accountin

Question

QUESTION 9 Which of the following would not be correct with respect to accounting for colleges and universities under the jurisdiction of the FASB? O A Depreciation is recorded O B. Contributed services should be recognized only when the services create or enhance nonfinancial ts or require specialized skills, are provided by an individual possessing those skills, and would typically be purchased if not provided by donation O C. Investments in stock with determinable fair values and all debt securities are report value O D.Unconditional pledges are deferred and recognized as revenue when collected.

Explanation / Answer

D . Unconditional pledges are Deferred and recognized as revenue when collected .

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