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During the Annual Fund-Raising Drive, the Cancer Society Raised $900,000

Question 32

Multiple Choice

During the annual fund-raising drive, the Cancer Society raised $900,000 in pledges of financial support for general operations.By 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 Questions 17 through 20.
United Charities' annual fund-raising drive in 2016 raised pledges of $1,200,000 of which $800,000 were collected in 2016 and $200,000 were collected in 2017.United Charities estimates $150,000 of the remaining pledges will never be collected.

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