A local Non for Profit had the following activity in October 2022: Cash Donations $200,000 Unrestricted Pledges made during monthly phone a thon to solicit donations $15,000 Expected uncollectible pledges from monthly phone a thon to solicit donations $3,000 What is the correct amount of Contribution Revenue the non for profit should recognize in October 2022? (do not use $ signs, commas or decimals in your answer)

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter28: Income Taxati On Of Trusts And Estates
Section: Chapter Questions
Problem 16CE
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A local Non for Profit had the following activity in October 2022:
Cash Donations
$200,000
Unrestricted Pledges made during monthly phone a thon to solicit donations
$15,000
Expected uncollectible pledges from monthly phone a thon to solicit donations $3,000
What is the correct amount of Contribution Revenue the non for profit should recognize in October 2022? (do not use $
signs, commas or decimals in your answer)
Transcribed Image Text:A local Non for Profit had the following activity in October 2022: Cash Donations $200,000 Unrestricted Pledges made during monthly phone a thon to solicit donations $15,000 Expected uncollectible pledges from monthly phone a thon to solicit donations $3,000 What is the correct amount of Contribution Revenue the non for profit should recognize in October 2022? (do not use $ signs, commas or decimals in your answer)
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