Solved

Use the Following Information to Answer Questions

Question 32

Multiple Choice

Use the following information to answer Questions
United Charities' annual fund raising drive in 2010 raised pledges of $1,200,000 of which $800,000 were collected in 2010 and $200,000 were collected in 2011.United Charities estimates $150,000 of the remaining pledges will never be collected.
-The increase in unrestricted net assets in 2010 as a result of the fund raising drive is


A) $1,200,000.
B) $1,050,000.
C) $800,000.
D) $250,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents