User Account

All Pages

What amount should the League report as pledges receivable

Assignment Help Accounting Basics
Reference no: EM132544590

Question - The League, a not-for-profit organization, received the following pledges:

Unrestricted P200,000

Restricted for capital additions P150,000

All pledges are legally enforceable; however, The League's experience indicates that 10% of all pledges prove to be uncollectible.

What amount should the League report as pledges receivable, net of any required allowance accounts?

Reference no: EM132544590

Questions Cloud

Organization leadership and decision making : Discuss the different stages for implementing information management in order to move form general principles to specific applications.
What are the anticipated ending capital balances : If the partnership expects a profit of $150,000, what are the anticipated ending capital balances for the partners
Determine the ratio of cash to monthly cash expenses : Determine the ratio of cash to monthly cash expenses for Year 3, Year 2, and Year 1 as of December 31. Round to one decimal place.
Calculate the past service costs : Zenith Company, a calendar-year entity, amends its defined benefit pension plan on January 1, 2019. Calculate the past service costs
What amount should the League report as pledges receivable : The League's experience indicates that 10% of all pledges prove to be uncollectible. What amount should the League report as pledges receivable
Participative management system : What is the leadership paradox? Give some reasons why a leader can encounter difficulty in newly formed teams or groups using a participative management system.
Determine the total increase or decrease in owners equity : Paid automobile expenses (including rental charge) for month, $920, and miscellaneous expenses, $620. Determine the total increase or decrease in owners equity
What type of cost behavior believe would be appropriate : Explain what type of cost behavior you believe would be appropriate for each of these cost items. Please be sure to include a link to the company
Mentioned privacy policies : How does the above mentioned privacy policies will take care of above mentioned threats

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd