In accordance with ASC 958, pledges, which are temporarily restricted by donors, are reported as increases in net assets with donor restrictions on the statement of activities of a voluntary health and welfare organization when the:
A. cash received from the pledges is expended in accordance with the donors' wishes.
B. pledges are received in cash.
C. pledges are made by the donors.
D. cash is received from the pledges is transferred to net assets without donor restrictions.
Answer: C
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