A private sector,not-for-profit hospital received a pledge of $100,000 in 2011,with no purpose restriction.The pledge card indicated that the funds were to be used in 2012.Cash was turned over to the hospital in 2012.The not-for-profit hospital would recognize contribution revenue in:
A) 2011.
B) 2012.
C) When the funds are expended.
D) Either 2011 or 2012, depending on the policy of the hospital.
Correct Answer:
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