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During the current year, a voluntary health and welfare organization receives $800,000 in unrestricted pledges

Accounting

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During the current year, a voluntary health and welfare organization receives $800,000 in unrestricted pledges. Of this amount, $300,000 has been designated by donors for use next year to support operations in the pharmacy. what amount of unrestricted support should the organizations recognize in its current-year financial statements?

1. $800,000
2. $700,000
3. $500,000
4. $400,000