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A private sector, not for profit hospital received a pledge of $150,000 in 2019 to be used for a building to be constructed in 2020

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A private sector, not for profit hospital received a pledge of $150,000 in 2019 to be used for a building to be constructed in 2020 but contingent on the hospital being able to raise an equivalent amount from other donors. As of the end of 2019, two thirds of the amount had been raised from other donors. In 2020, the hospital raised the remaining amount from other donors. The donor gave the $150,000 to the hospital in 2020 and the building was completed in 2021. In which year should the hospital recognize the $150,000 from the pledge? Multiple Choice O $150,000 in 2020 O 0 $100,000 in 2019 and $50,000 in 2020 O O $150.000 in 2021 O $100.000 in 2020 and $50.000 in 2021

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