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.

-In 2017, the change in unrestricted net assets is

Question

-In 2017, the change in unrestricted net assets is

Quizplus · Accepted Answer

The change in unrestricted net assets is calculated by comparing the unrestricted net assets at the beginning of the period to the end of the period. An increase of $200,000 indicates that the organization's unrestricted net assets grew by this amount during 2017, reflecting a positive change in its financial health or operations.

United Charities’ Annual Fund-Raising Drive in 2016 Raised Pledges of $1,200,000