Question: (2 points) On December 15, 2016, a donor agrees to contribute $2 for every $1 that the agency raises in its capital campaign, up to

(2 points)

On December 15, 2016, a donor agrees to contribute $2 for every $1 that the agency raises in its capital campaign, up to $50,000.The capital campaign began on February 1, 2017 and as of June 30, 2017 the organization has raised $10,000.

How much should the organization record as a pledge receivable as of December 31, 2016?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

You thought it was strange that no one called you on your new mobile phone, even though you had given your family members, friends, and boss your new number. Two weeks after getting the new phone and...

9. (3 Points) Choose your answer to the following questions from the list of financial statement concepts below: a) materiality b) conservatism c) going concern d) entity a) says that financial...

On December 15, 2016, a donor agrees to contribute $2 for every $1 that the agency raises in its capital campaign, up to $50,000. The capital campaign began on February 1, 2017 and as of June 30,...

from pages 5-39 of Stanford's Health Care Report- any particular point that feel may be relevant or interesting in regards to financial status current or future for Stanford. Has to be least 200...

Using the Stanford Health Care Consolidated Financial Statements for 2014 ( pages 1-4 ), prepare a brief summary (3 -4 paragraphs) that highlights the current financial status of Stanford and any...

I attached my assignment. can someone please help me Joyce writes childrens books for a variety of publishers. She has been selfemployed since 2007. As a freelance writer, Joyce incurs costs...

With the help of the case State Fair of Virginia, answer the following questions: What caused State Fair of Virginia to be in its current precarious financial condition? Who are the parties impacted...

Volkswagen shocked the world on September 18, 2015 with its response to the U.S. Environmental Protection Agency's (EPA) notice that Volkswagen's "clean diesel" vehicles were found to be in violation...

Review the following articles and describe how they relate to unemployment, GDP, and inflation. Use a search engine such as Google to find out what is the unemployment, GDP, or inflation in another...

Answer the following questions about an organization, based on the Sample Form 990 below. A. Provide: Total revenue Total expenditures End-of-year cash balance Public support percentage Fundraising...

post DataXu: Selling Ad Tech On June 20, 2016, DataXu CEO Mike Baker surveyed the beachfront at the Cannes Lions International Festival of Creativity. Each year, Cannes, a seaside town on the French...

Show that the eigenvalues for any 2 2 correlation matrix are 1 = 1 + r and 2 = 1 r.

On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the companys records show the following items and amounts. Use this information to prepare an October income...

Question 3 Evaluate t a n 3 x s e c x d x t a n 3 x 3 C t a n 4 x 3 t a n x C s e c 4 x 4 C t a n 4 x 4 s e c 2 x 2 C s e c 3 x 3 - s e c x C

As an engineer you want to design a mechatronic system that is constructed as a combination of a second order electromechanical subsystem and a first order electronics subsystem. You also desire to...

Kumars business was doing well and it made him a profit of $20,000 each month. He needed to make some modifications to his business premise and thus engaged Bob Builders to do the renovation work. He...

Aru wishes to own a new car. Due to insufficient funds, he thought of buying the car from Savvy Car Sdn. Bhd. by way of instalments. State the formalities that Aru, as the hirer, must comply with in...

Artificial intelligence project:Given a training set with 20 records,Define a neural network, use Backpropagation Algorithm to train a model by the given training set, find the predicted value for...

The logistics/operations manager of a mail order house purchases two products for resale: King Beds (K) and Queen Beds (Q). Each King Bed costs $500 and requires 100 cubic feet of storage space, and...

11. What types of information collected are most frequently used in decision-making?

10. How much time does it take between when we collect information until it is used in decision-making?

2. Ask questions, listen rather than attempt to persuade.