as a result of its annual fundraising program, a nonprofit receives pledges in the amount of $300,000 during december, the last month of its reporting period. based on its previous history regarding pledges, the nonprofit believes that about $300,000 will be collected in the first 60 days of the next fiscal year; $42,000 will trickle in during the rest of the next fiscal year; and $18,000 will not be collected at all. how much should the nonprofit report as net contributions receivable on its current period financial statements?
