Social Studies
Social Studies, 03.01.2020 03:31, 001054213

During the year, goodman college received the following:
• an unrestricted $280,000 pledge to be paid the following year
• a $140,000 cash gift restricted for study-abroad scholarships
• a notice from a recent business school graduate that he has named the college as a beneficiary of $60,000 in his will

what amount of contribution revenue should goodman college report in its statement of activities?

answer
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During the year, goodman college received the following:
• an unrestricted $280,000 pledge t...

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