A Not-For-Profit Entity Conducts a Special Fund-Raising Campaign at the End

A not-for-profit entity conducts a special fund-raising campaign at the end of fiscal year 2012,intended to raise funds for general operations that take place during fiscal year 2013.It receives pledges totaling $200,000.Based on past experience,the entity expects to receive $150,000 in cash.How should the entity report these events?

A) recognize the entire amount pledged as unrestricted contribution revenue in 2012
B) recognize the amount pledged (net of a $50,000 allowance for estimated uncollectibles) as unrestricted contribution revenue in 2012
C) recognize the amount pledged (net of a $50,000 allowance for estimated uncollectibles) as temporarily restricted contribution revenue in 2012;and report the 2013 expenses as changes in temporarily restricted net assets in 2013
D) recognize the amount pledged (net of a $50,000 allowance for estimated uncollectibles) as temporarily restricted contribution revenue in 2012;and reclassify the net assets as unrestricted at the beginning of 2013