A Voluntary Health and Welfare Organization Received $200,000 of Pledges

question 63

Multiple Choice

A voluntary health and welfare organization received $200,000 of pledges from donors on February 15,20X9.The donors did not place either time or use restrictions on the amount pledged.The governing board estimated that 10 percent of the pledges would be uncollectible.During the remainder of fiscal 20X9,cash received from pledges amounted to $184,000.For the year ended June 30,20X9,what amount should the voluntary health and welfare organization report as Contributions-Unrestricted?

• A)$0
• B)$200,000
• C)$184,000
• D)$180,000

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