A private sector, not-for-profit hospital received a pledge of $100,000 in 2008, with no purpose restriction. The pledge card indicated that the funds were to be used in 2009. Cash was turned over to the hospital in 2009. The not-for-profit hospital would recognize contribution revenue in:
A) 2008
B) 2009
C) 2008.
D) Either 2008 or 2009, depending on the policy of the hospital
Correct Answer:
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