During the annual fundraising drive, the Cancer Society raised $900,000 in pledges of financial support for their general operations.By the fiscal year-end, the Society had collected $600,000 of the pledges.The Society estimates that 10% of the remaining pledges will be uncollectible.The NET amount of revenue the Society should recognize during the current year from this pledge drive is
A) $900,000.
B) $870,000.
C) $810,000.
D) $600,000.
Use the following information to answer #17 - #19.
United Charities' annual fund raising drive in 2001 raised pledges of $600,000 of which $400,000 were collected in 2001 and $100,000 were collected in 2002.United Charities estimates $75,000 of the remaining pledges will never be collected.
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