Examlex
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:
Liability
Refers to the state of being legally responsible for something, typically in the context of debts or legal wrongs.
Express Permission
Explicit authorization or consent given by a party to another to perform an action or use property or information.
Lakeside Property
Real estate located adjacent to or near a lake, often valued for its picturesque views and recreational opportunities.
Reimbursement
The act of compensating someone for expenses they have incurred.
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