According to the rules for accounting for colleges and universities under the jurisdiction of the FASB,multiyear pledges are recorded as restricted revenue and receivable for the gross amount of the pledge when the pledge is made.

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The Answer of According to the rules for accounting for colleges and universities under the jurisdiction of the FASB,multiyear pledges are recorded as restricted revenue and receivable for the gross amount of the pledge when the pledge is made.

According to the Rules for Accounting for Colleges and Universities