The Yelton Center is a voluntary health and welfare organization. During 2010, unrestricted pledges of $780,000 were received by the center, sixty percent of which were payable in 2010, with the remainder payable in 2011 (for use in 2011). Officials estimated that fifteen percent of these pledges will be uncollectible.
Required:
How much should the Yelton Center report as revenue for 2010?

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The Answer of The Yelton Center is a voluntary health and welfare organization. During 2010, unrestricted pledges of $780,000 were received by the center, sixty percent of which were payable in 2010, with the remainder payable in 2011 (for use in 2011). Officials estimated that fifteen percent of these pledges will be uncollectible.
Required:
How much should the Yelton Center report as revenue for 2010?

The Yelton Center Is a Voluntary Health and Welfare Organization