In the Current Year, the Not-For-Profit Organization Save the Butterflies

question 62

Multiple Choice

In the current year, the not-for-profit organization Save the Butterflies Foundation received cash of $500 to be used as the Foundation wishes and $1,000 to be used for butterfly research. Save the Butterflies also received pledges of $700 that it can use as it wishes and $600 for its building fund. All pledges are expected to be received next year. How much would Save the Butterflies report as contributions with donor restrictions in the current year?

• A) $1,000.
• B) $1,600.
• C) $1,300.
• D) $2,300.