Answer:
A. $665,000
Explanation:
Rose received the following
Unrestricted $500,000
Restricted for counseling programs $200,000
Hence, Total Outstanding Pledge = $500,000 + $200,000 = $700,000
The Amount of Provision to be reported = $700,000 x 5% = $35,000
Amount should the pledges be reported on Rose’s balance sheet as pledges receivable will be $700,000 - $35,000
= $665,000
tbh idk some people has said he escaped others say hes still in there but whatever it is he needs to make another album.
A free enterprise economy is the idea that a capitalist economy can maintain itself in a freely competitive market due to a the supply and demand relationship. Since this concept claims that the economy can regulate itself, the government has a minimalist role in it.
