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How much should mfc report as net contribution revenue

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Question - Military Family Center (MFC) is a voluntary welfare organization funded by contributions from the general public. During 20x4, unrestricted pledges of P800,000 were received, half of which were payable in 20x4 with the other half payable in 20x5. It was estimated that 10% of these pledges would be uncollectible. How much should MFC report as net contribution revenue for 20x4 with respect to these pledges?

Reference no: EM133089404

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