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Discuss the university recognize the contribution revenue

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Reference no: EM131758264

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

Reference no: EM131758264

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