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During the current year, a voluntary health and welfare organization received $400,000 in unrestricted pledges. Of this amount, $150,000 has been designated by donors for
During the current year, a voluntary health and welfare organization received $400,000 in unrestricted pledges. Of this amount, $150,000 has been designated by donors for use next year to support operations in the pharmacy. If 20% of the unrestricted pledges are expected to be uncollectable, what amount of unrestricted support should the organization recognize in its current - year financial statements?
$400,000
$350,000
$250,000
$200,000
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