Mr. James brought Harry to visit a not-for-profit organization in Mansfield Town and the relevant information about it are as follows: In 2020, Robert Bedford, a philanthropist who hails from Little Washington in the outskirt of Mansfield Town, donated $10 million to Richland Orphanage Care, a not-for-profit organization in Mansfield Town Mr. Bedford's only condition was that Richland Orphanage Care, must at all times have a minimum of 30 orphans in its care to be entitled to the donation. For the record, Richland Orphanage Care never had less than 30 orphans in its care since its inception 5 years ago. Buck Rogers, the manager at Richland Orphanage Care stated that in the donation agreement, Richland Orphanage Care must return the donated funds if the condition is not met and likewise, Mr. Bedford can cancel the agreement if Richland Orphanage Care fails to meet the conditions necessary for payment to take place By the end of 2020, all conditions set by Mr. Bedford were met by Richland Orphanage Care. 315 HIGHER COLLEGES OF TECHNOLOGY Besides Richland Orphanage Care, Mr. Bedford also make a donation of $35 million to another not-for- profit organization, Cesaria Health Research Centre that is located in Mansfield Town as well. Mr. Bedford stated that the donation can only be used for prostate cancer research, and this is a permanent endowment. The Cesaria Health Research Centre also received a government grant of $60 milion in the year due to its excellent reputation in research. Based on the above information about Richland Orphanage Care, Mr. James asked Harry the following questions: (a) What are the two requirements as per FASB for a donor-imposed condition to exist? (b) When revenue should be recognized in this case? (c) Why is it important to differentiate donor-imposed condition and donor-imposed restrictions? Based on the above information about Cesaria Health Research Centre, Mr. James asked Harry the following questions: (a) What are the characteristics of donor-imposed restrictions in the case of Mr. Bedford? (b) When revenue should be recognized in this case? (c) What is the treatment for contribution revenue in the case of government grant