Question
(2 points) On December 15, 2016, a donor agrees to contribute $2 for every $1 that the agency raises in its capital campaign, up to
- (2 points)
On December 15, 2016, a donor agrees to contribute $2 for every $1 that the agency raises in its capital campaign, up to $50,000.The capital campaign began on February 1, 2017 and as of June 30, 2017 the organization has raised $10,000.
How much should the organization record as a pledge receivable as of December 31, 2016?
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
