Use the Following Information to Answer Questions

question 29

Multiple Choice

Use the following information to answer Questions
United Charities' annual fund raising drive in 2010 raised pledges of $1,200,000 of which $800,000 were collected in 2010 and $200,000 were collected in 2011.United Charities estimates $150,000 of the remaining pledges will never be collected.
-In 2011, the change in unrestricted net assets is

• A)$0
• B)$200,000 increase.
• C)$200,000 decrease.
• D)$1,000,000 increase.

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Definitions:

Start-Up Companies

New businesses that are in the initial stages of operation, often characterized by innovative products or services and high growth potential.

Growth Increase

An upward trend in the expansion of an economy or business, indicated by rising output, sales, or other success metrics.

Macroeconomics

The branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

National Economy

The economic activities and performance of a specific nation, considering all its stakeholders.