During the Current Year, a Voluntary Health and Welfare Organization

question 25

Multiple Choice

During the current year, a voluntary health and welfare organization receives $800,000 in unrestricted pledges.Of this amount, $300,000 has been designated by donors for use next year to support operations in the pharmacy.If 20 percent of the unrestricted pledges are expected to be uncollectible, what amount of unrestricted support should the organizations recognize in its current-year financial statements?

• A)$800,000
• B)$700,000
• C)$500,000
• D)$400,000

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