Military Family Center is a voluntary welfare organization funded by contributions from the general public.During 2013 unrestricted pledges of $800,000 were received, half of which were payable in 2013 with the other half payable in 2014 for use in 2014.It was estimated that 10% of these pledges would be uncollectible.How much should National report as net contribution revenue for 2013 with respect to the pledges?
A) $800,000
B) $720,000
C) $360,000
D) $0
Correct Answer:
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