In November, $2021,$ the Islamiya Jamaat Centre $($IJC$),$ a not$-$for$-$profit organization reporting under ASNPO conducted its third fundraising drive. Management was pleased to note that the fundraiser resulted in cash receipts of $$210,000,$ and pledges totaling $$48,000.$ Fundraising costs amounted to $$18,000.$ Management expects to collect $85\%$ of the pledges by the end of the year. What is the amount of contribution revenue that should be reported for the fiscal year $2021?$

 

Answer rating: 100% (QA)

To determine the amount of contribution revenue that should be reported for the fiscal year 2021 we ... View the full answer