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.
-In 2011, the change in temporarily restricted net assets is
A) $0
B) $200,000 decrease.
C) $200,000 increase.
D) $1,000,000 decrease.
Correct Answer:
Verified
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