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A PRIVATE COLLEGE RECEIVES AS PART OF ITS ANNUAL FUND DRIVE, ALUMNI AND FRIENDS OF THE COLLEGE PLEDGE $ 8 MILIION. tHE COLLEGE ESTIMATES THAT

A PRIVATE COLLEGE RECEIVES AS PART OF ITS ANNUAL FUND DRIVE, ALUMNI AND FRIENDS OF THE COLLEGE PLEDGE $

8

MILIION. tHE COLLEGE ESTIMATES THAT

[

ABOUT

15 %

OF THE PLEDGES WILL PROVE UNCOLLECTIBLE. IS THIS PLEDGE RESTRICTED OR UNRESTRICTED AND WHAT IS THE AMOUNT OF REVENUE TO BE RECOGNIZED?

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