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Annual fund-raising drive

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It is about financial mangement

CMC has just completed its annual fund-raising drive.  It received $1,750,000 of pledges.  $750,000 was paid to KUC either in cash or by credit card. CMC sent invoices to the remaining donors. From past experience, CMC knows that 15% of these pledges will never be received. How would CMC record this transaction?

Reference no: EM131090132

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