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73. During the year, Public College received the fol- lowing: • An unrestricted $50,000 pledge to be paid the following year. • A $25,000 cash gift restricted for scholarships. • A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000.

73. During the year, Public College received the fol- lowing: • An unrestricted $50,000 pledge to be paid the following year. • A $25,000 cash gift restricted for scholarships. • A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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73. During the year, Public College received the fol- lowing: • An unrestricted $50,000 pledge to be paid the following year. • A $25,000 cash gift restricted for scholarships. • A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000.
Transcribed Image Text:73. During the year, Public College received the fol- lowing: • An unrestricted $50,000 pledge to be paid the following year. • A $25,000 cash gift restricted for scholarships. • A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000.
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