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On January 1, 2011, a Voluntary Health and Welfare Organization (VHWO) received an unconditional promise to give $6,000. The money is not collectible until 2012.
On January 1, 2011, a Voluntary Health and Welfare Organization (VHWO) received an unconditional promise to give $6,000. The money is not collectible until 2012. The VHWO estimates that 10% of pledges are uncollectible. On January 1, 2011, the VHWO will credit Unrestricted Support - Contribution, $6,000. Allowance for Uncollectible Contributions $600, and Unrestricted Support - Contribution, $5,400. O Allowance for Uncollectible Contributions $600, Temporarily Restricted Support - Contribution, $5,400. O Allowance for Uncollectible Contributions $600, Contribution Revenue $5 400
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
