govemmental officials believe it is important to financial statement users 10. As a result of its annual fundraising program, a nonprofit receives pledges in the amount of $200,000 Based on its previous history regarding pledges, the nonprofit believes that about $150,000 will be collected in the first 60 days of the next fiscal year; $25,000 will trickle in during the rest of the next fiscal year, and $25,000 will not be collected at all. How much should the nonprofit report as net contributions receivable on its current period financial statements? a. 50 b. $200,000 C $150,000 a $175.000