Question 1 A Hospital received from a donor a $60,000 contribution and a $60,000 pledge payable in one year. The donor required that the funds be used for heart research. Explain in accounting treatment/recognition for donor's contribution and pledge if Hospital is a government hospital. (Marks 4) QUESTION 2 The new administrator for the art museum was concerned that the museum's collection of rare 174-century American porcelain was not recognized on financial statements. Explain to the administrator why collection might not be recognized on the financial statements. (Makes 4) Answer: I Question 3 How do you determine if your government must have a single audit? (4 marks) 5 Page