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d) Contributions of assets always have restrictions attached as to their use. 41. During the annual fund-raising drive, the Cancer Society raised $900,000 in pledges

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d) Contributions of assets always have restrictions attached as to their use. 41. During the annual fund-raising drive, the Cancer Society raised $900,000 in pledges of financial support for general operations. By fiscal year-end, the society had collected $600,000 of the pledges. The society estimates that 10% of the remaining pledges will be uncollectible. The NET amount of revenue the society should recognize during the current year from this pledge drive is a) $900,000. b) $870,000. c) $810,000. d) $600,000

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