What is the treatment of multi-year pledges as required by FASB Statement No. 116?
What will be an ideal response?
The donation is recorded as a receivable at the present value of the future collections and revenue is recognized. As time passes, the present value of the pledge receivable will increase. At the end of each accounting period, the difference between the balance in the receivable account and the new present value is recorded as contribution revenue and the receivable is increased.
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A plaintiff in a negligence suit must prove that the defendant's breach of duty was the remote cause of the plaintiff's injuries.
Answer the following statement true (T) or false (F)
The value-added product exists when salespeople meet the customer's expectation
Indicate whether the statement is true or false
Whereas image refers to how a retailer is perceived by customers, positioning refers to a retailer's image with regard to its _____
a. atmosphere b. target market c. direct competitors d. former customers
In the China, there is a cultural belief that unique circumstances determine what is right or good. China would likely score high on ______ in Trompenaars' dimensions of value orientations.
A. activation B. diffusion C. particularism D. universalism