The cats and dogs league was organized as a nongovernmental not-for-profit organization. the league received a pledge of $10,000 to be used to build an addition to the kennel. this donation will not be received for three years. how should this pledge be recorded?

It should be only be disclose in their financial statement.

Explanation:

This is the case of a contingent asset in which it's probable that a presently determined future benefits will be available to a firm as a result of the occurrence or non occurence of certain future actions which are beyond the control of the firm.

The duty to donate is not binding on the donor though the amount is specified and neither is with whiting the power of league to command donation but it's only probable they will get the donation.

c is the correct answer.

answer social mobility;