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On 12/31/207 the Greater Ottumwa United, a VHWO, had $150,000 in pledges receivable from 207 pledges, all of which were receivable during 20x8. During the
On 12/31/207 the Greater Ottumwa United, a VHWO, had $150,000 in pledges receivable from 207 pledges, all of which were receivable during 20x8. During the past 5 years, this agency has collected an average of 90% of pledges. With respect to the agency's 207 financial statements, what amount of contributions revenue should be recognized for the pledges? Select an answer and submit. For keyboard navigation, use the up/down arrow kcys to select an answer. a S0 b $135,000 c $150,000 d 135,000 or $150,000 depending on the VHWO's policy
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