73. During the year, Public College received the fol- lowing: • An unrestricted $50,000 pledge to be paid the following year. • A $25,000 cash gift restricted for scholarships. • A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000.

73. During the year, Public College received the fol- lowing: • An unrestricted $50,000 pledge to be paid the following year. • A $25,000 cash gift restricted for scholarships. • A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter18: Public Economy

Section: Chapter Questions

Problem 27P: Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1...

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