【USCPA】FAR : nongovernmental not-for-profit organization


Community Enhancers, a nongovernmental not-for-profit organization, received the following pledges:

Unrestricted                               $400,000
Restricted for capital additions  $300,000

All pledges are legally enforceable. However, Community’s experience indicates that 5% of all pledges prove to be uncollectible. What amount should Community report as pledges receivable, net of any required allowance account?


前提

NPO が pledge を受け取ったという問題。

Pledges are recorded at Fair Value in the year they are made.

 

本問について

Pledge received はトータル $700,000.

これが、”Pledge receivable” account.

 

内訳は、Unrestricted が 400,000, Restricted が 300,000.

 

Pledge 全体(700,000)のうち、5%は uncollectible.

つまり、700,000 *5% = 35,000. これが “Allowance for uncollectible” account。

 

Collectible なのは (100 – 5)% = 95%.

➡︎ Unrestricted 400,000 のうち 95% = 380,000

これが、”Unrestricted revenue” account.

 

➡︎ Restricted 300,000 のうち 95% = 285,000

これが、”Temporarily restricted revenue” account.

 

解答

Entry は以下。

Dr.
Pledge Receivable 700,000

Cr.
Allowance for uncollectible 35,000
Unrestricted revenue 380,000
Temporarily restricted revenue 285,000

 

問われているのは、report すべき pledges revenue.

ただし、net of any required allowance account とあるので、Allowance 35,000 は差し引いた残額が答え。

700,000 – 35,000 = 665,000.