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and $30,000 investment income. The organization spent $45,000
on the mental health program during the year. What amount of
change in temporarily restricted net assets should the
organization report?
Question 20
Lema Fund, a voluntary welfare organization funded by
contributions from the general public, received unrestricted
pledges of $200,000 during 2005. It was estimated that 10% of
these pledges would be uncollectible. By the end of 2005, $130,000
of the pledges had been collected. It was expected that $50,000
more would be collected in 2006 and that the balance of $20,000
would be written off as uncollectible. What amount should Lema
include under public support in 2005 for net contributions?