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:
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