Solved: It was spent for reading programs in the first half of 2015, Accounting Basics

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It was spent for reading programs in the first half of 2015

In March 2014, a local not-for-profit organization received a pledge from a donor for $10,000; the donor promised to pay the money to the organization in September 2014, to be used in providing reading programs for underprivileged children. The donor gave money to the organization in September 2014, and it was spent for reading programs in the first half of 2015. When should the revenue associated with this contribution be recognized?

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Accounting Basics: It was spent for reading programs in the first half of 2015

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