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United Charities annual fund-raising drive in 2016 raised pledges of $1,200,000 of which $800,000 were collected in 2016 and $200,000 were collected in 2017. United

United Charities’ annual fund-raising drive in 2016 raised pledges of $1,200,000 of which $800,000 were collected in 2016 and $200,000 were collected in 2017.
United Charities estimates $150,000 of the remaining pledges will never be collected.

a. What is the increase in unrestricted net assets in 2016 as a result of the fund-raising drive?

b. What is the increase in temporarily restricted net assets in 2016 as a result of the fund-raising drive?

c. In 2017, what is the change in temporarily restricted net assets?

 


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