In the current year,the not-for-profit organization Save the Butterflies Foundation received cash of $500 to be used as the Foundation wished and $1,000 to be used for butterfly research.Save the Butterflies also received pledges of $700 that it can use as it wishes and $600 for its building fund.All pledges are expected to be received next year.How much would Save the Butterflies report as temporarily restricted contributions in the current year?
A) $1,000.
B) $1,600.
C) $1,300.
D) $2,300.
Correct Answer:
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