Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: In 20X8 the following pledges were made: $35,000 in unrestricted contributions f
Post by: goji.go on Oct 21, 2014
In 20X8 the following pledges were made: $35,000 in unrestricted contributions for use in 20X8; $20,000 in contributions restricted for use in 20X9; and a $400,000 contribution restricted for the establishment of a permanent endowment.  It is anticipated that 10% of all pledges except the endowment pledge will be uncollectible.  Pledges receivable for 20X8 should be
A.   $455,000.
B.   $449,500.
C.   $55,000.
D.   $49,500.


Title: Re: In 20X8 the following pledges were made: $35,000 in unrestricted contributions f
Post by: f_zah1 on Oct 22, 2014
Content hidden