A donor pledged $500,000 to a not-for-profit hospital in 2016 to conduct medical research, conditional on the hospital raising $500,000 from other donors. The other donors met the condition in 2016. The donor transferred the funds to the hospital in 2017. In which year would the revenue be recognized?
A) 2004
B) 2005.
C) 2003.
D) None of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A donor pledged $500,000 to a not-for-profit hospital in 2016 to conduct medical research, conditional on the hospital raising $500,000 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You buy a share of stock, write a one-year call option with a strike price X = $14, and buy a one-year put option with a strike price X = $14. Your net initial cost to establish the entire portfolio is $13.50.
Answers (1)
California has an average rainfall of 3 inches for the month of January. This year California had over 12 inches, which is equivalent to what percentage increase?
Answers (1)
Sebadoah is a barber who does his own accounting for his shop. Sebadoah purchased $1,500 of supplies in January and his inventory at the end of January shows $300 of supplies remaining. What adjusting entry should Sebadoah make on January 31?
Answers (1)
A group of executives attended a meeting in which the CFO was the attendee with the most senior ranking. When the meeting began, the CFO offered his views on the matter at hand, and the other meeting attendees expressed agreement with his approach.
Answers (1)
What best describes the position of the U. S. budget, as of fiscal year 2010 (and true today as well), when all current spending and future entitlement obligations are taken into account?
Answers (1)
New Questions in Business
During the year, total liabilities increased $105,000 and stockholders' equity decreased $83,000. What is the amount of total assets at the end of the year?
Answers (1)
What is cosideration
Answers (1)
With the federal funds rate near zero and the economy still struggling, the Fed began buying 10-year Treasury notes and certain mortgage-backed securities to keep interest rates low. This policy is known as
Answers (1)
Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the year and $34,338 at the end of the year.
Answers (2)
Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia, for their own protection, put a clause in the contract that says the sale is contingent upon an independent appraisal indicating that the
Answers (2)