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

A donor unconditionally pledged $100,000 to a private not-for-profit hospital in 2023to purchase imaging equipment. The equipment was purchased in 2024 and the donor transferred the funds to the hospital in 2024. In which year would the revenue be recognized?
Multiple Choice
2023
2024
Half in 2023and half in 2024
None of the choices are correct; the hospital would only recognize revenue when the amounts had been expended according to the donor's wishes.

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