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During the year, Haggerty College received the following: An unrestricted $125,000 pledge to be paid the following year. A $40,000 cash gift restricted for scholarships.
During the year, Haggerty College received the following:
- An unrestricted $125,000 pledge to be paid the following year.
- A $40,000 cash gift restricted for scholarships.
- A notice from a recent graduate that the college is named as a beneficiary of $20,000 in that graduate's will.
What amount of contribution revenue should Haggerty College report in its statement of activities?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-1133161646
