A voluntary health and welfare organization reports pledges receivable on its statement of financial position at the present value of the future cash collections.How is the increase in the present value of the pledges receivable,which is due to the passage of time,reported on the voluntary health and welfare organization's statement of activities?
A)As interest income-temporarily restricted.
B)As an increase in pledges receivable-temporarily restricted.
C)As an increase in contributions-temporarily restricted.
D)As an increase in deferred revenue-temporarily restricted.

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The Answer of A voluntary health and welfare organization reports pledges receivable on its statement of financial position at the present value of the future cash collections.How is the increase in the present value of the pledges receivable,which is due to the passage of time,reported on the voluntary health and welfare organization's statement of activities?
A)As interest income-temporarily restricted.
B)As an increase in pledges receivable-temporarily restricted.
C)As an increase in contributions-temporarily restricted.
D)As an increase in deferred revenue-temporarily restricted.

A Voluntary Health and Welfare Organization Reports Pledges Receivable on Its