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The pledge was made in 2017 but gertrude specified the

Gertrude Rich makes a pledge to a public university for $500,000. The pledge was made in 2017 but Gertrude specified the funds be expended in 2018. When would the university recognize the contribution revenue?

a. 2017

b. 2018

c. In the year cash is received

d. When the cash is expended

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Accounting Basics: The pledge was made in 2017 but gertrude specified the

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