In 20X8, the Following Pledges Were Made: $35,000 in Unrestricted

question 17

Multiple Choice

In 20X8, the following pledges were made: $35,000 in unrestricted contributions for use in 20X8; $20,000 in contributions restricted for use in 20X9; and a $400,000 contribution restricted for the establishment of a permanent endowment. It is anticipated that 10% of all pledges except the endowment pledge will be uncollectible. Pledges receivable for 20X8 should be

• A) $455,000.
• B) $449,500.
• C) $55,000.
• D) $49,500.

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Definitions:

Objective Introspection

Objective Introspection is a process in psychological research where individuals examine their own thoughts and feelings in a systematic, objective manner, aiming to analyze the inner processes of the mind.

Wilhelm Wundt

Considered the father of experimental psychology, he founded the first formal laboratory for psychological research in Leipzig, Germany.

Ethical Guideline

A set of recommendations that aim to direct behavior and decision making according to moral principles in a specific field or activity.

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychological science and practice.