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  • Record The Following Transactions in The Accounts of A Nongovernment

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    The organization received $1.5 million in unconditional pledges, including $500,000 restricted to a specific program. They collected $1.125 million of the unrestricted pledges and $375,000 of the restricted pledges. They also received $300,000 in cash gifts restricted to permanent endowment and incurred $222,000 in costs for the restricted program. Additionally, they received $90,000 in conditional pledges that were not collected.

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    The organization received $1.5 million in unconditional pledges, including $500,000 restricted to a specific program. They collected $1.125 million of the unrestricted pledges and $375,000 of the restricted pledges. They also received $300,000 in cash gifts restricted to permanent endowment and incurred $222,000 in costs for the restricted program. Additionally, they received $90,000 in conditional pledges that were not collected.

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    3 views1 page

    Record The Following Transactions in The Accounts of A Nongovernment

    Uploaded by

    trilocksp Singh
    The organization received $1.5 million in unconditional pledges, including $500,000 restricted to a specific program. They collected $1.125 million of the unrestricted pledges and $375,000 of the restricted pledges. They also received $300,000 in cash gifts restricted to permanent endowment and incurred $222,000 in costs for the restricted program. Additionally, they received $90,000 in conditional pledges that were not collected.

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    Record the following transactions in the accounts of a

    nongovernment
    Record the following transactions in the accounts of a nongovernment

    Record the following transactions in the accounts of a nongovernment VHWO or ONPO.


    1. Unconditional pledges made to the organization during the year total $1,500,000, including
    $500,000 restricted by donors to a specific program. All of the donor-restricted pledges are
    collected during the year and 75% of the other pledges are collected; 20% of the uncollected
    pledges outstanding at year end are expected to be uncollectible.
    2. Cash gifts of $300,000 are collected during the year. These gifts are donor-restricted for
    permanent (perpetual) endowment purposes.
    3. Qualifying costs of $222,000 are incurred for the program for which donor-restricted pledges
    were received.
    4. Conditional pledges made to the organization during the year total $90,000 (without
    restrictions on use). None were collected during the year.

    Record the following transactions in the accounts of a nongovernment


    SOLUTION-- http://solutiondone.online/downloads/record-the-following-transactions-in-the-
    accounts-of-a-nongovernment/

    Unlock answers here solutiondone.online

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