Question: A donor pledged $ 1 , 0 0 0 , 0 0 0 to a not - for - profit hospital in 2 0 2

A donor pledged $1,000,000 to a not-for-profit hospital in 2023 to conduct medical research, conditional on the hospital raising $1,000,000 from other donors. The other donors met the condition in 2023. The donor transferred the funds to the hospital in 2024. In which year would the revenue be recognized?
Multiple Choice
Half in 2023 and half in 2024.
2023
2024
None of the choices; the hospital would only recognize revenue when the amounts had been expended according to the donor's wishes.

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