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Business, 06.12.2019 21:31 Hudman57

Turner fund, a voluntary health and welfare organization funded by contributions from the general public, received unrestricted pledges of $300,000 during 20x4. it was estimated that 10 percent of these pledges would be uncollectible. by the end of 20x4, $240,000 of them had been collected. it was expected that $35,000 more would be collected in 20x5 and the balance of $25,000 would be written off as uncollectible. what amount should turner include as contribution revenue in 20x4
a. $300,000
b. $275,000
c. $270,000
d. $240,00

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