A private sector,not-for-profit hospital received a pledge of $100,000 in 2014,with no purpose restriction. The pledge card indicated that the funds were to be used in 2015. Cash was turned over to the hospital in 2015.The not-for-profit hospital would recognize contribution revenue in:
A) When the funds are expended.
B) 2014.
C) 2015.
D) Either 2014 or 2015, depending on the policy of the hospital.
Correct Answer:
Verified
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