(Answered) It is about financial mangementcmcnbsphas just completed

Management Studies

It is about financial mangement

CMC has just completed its annual fund-raising drive. It received $1,750,000 of pledges. $750,000 was paid to KUC either in cash or by credit card. CMC sent invoices to the remaining donors. From past experience, CMC knows that 15% of these pledges will never be received. How would CMC record this transaction?

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Business Management, Management Studies

Category:- Business Management
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