Award: 10.00 points 61. Award: 10.00 points An individual contributed $100,000 of cash and pledged another $50,000 to an NFPO to cover the $50,000 salary of its executive director for the current year and the next two years. How should the contributions be reported, assuming that the organization uses the deferral method of accounting for contributions?

Answer rating: 100% (QA)

The 100000 cash contribution would be reported as revenue in the current period The 50... View the full answer