During the years ended June 30,2011 and 2012,Jackson University,a private university,conducted a cancer research project financed by a $1,000,000 gift from an alumnus.The entire amount was pledged by the donor on July 10,2010,although she paid only $200,000 at that date.The gift was restricted to the financing of this particular research project.During the two-year research period,Jasper's related gift receipts and research expenditures were as follows: How much contribution revenue should Jasper University report for the year ended June 30,2012?

Question

During the years ended June 30,2011 and 2012,Jackson University,a private university,conducted a cancer research project financed by a $1,000,000 gift from an alumnus.The entire amount was pledged by the donor on July 10,2010,although she paid only $200,000 at that date.The gift was restricted to the financing of this particular research project.During the two-year research period,Jasper's related gift receipts and research expenditures were as follows:  How much contribution revenue should Jasper University report for the year ended June 30,2012?

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The Answer of During the years ended June 30,2011 and 2012,Jackson University,a private university,conducted a cancer research project financed by a $1,000,000 gift from an alumnus.The entire amount was pledged by the donor on July 10,2010,although she paid only $200,000 at that date.The gift was restricted to the financing of this particular research project.During the two-year research period,Jasper's related gift receipts and research expenditures were as follows:  How much contribution revenue should Jasper University report for the year ended June 30,2012?

During the Years Ended June 30,2011 and 2012,Jackson University,a Private