The Basil Society, a nongovernmental not-for-profit organization, receives unconditional pledges which will be collected over a length of time longer than one year. How should Basil Society report these unconditional pledges?

(A) As pledges receivable, valued at their present values.
(B) As pledges receivable, valued at the amount pledged.
(C) As long-term pledges receivable, valued at the expected actual collection amount.
(D) As deferred revenue, valued at present value

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Which of the following is considered part of a country’s infrastructure?