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When should the bequest be recognized

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Question - A donor, Haley Puddin, puts an entry into her last will and testament to leave Kudzoo University in Mississippi $15,000,000 on October 10, 2018 to be used to pay for a new classroom building named after her late husband, Buford Puddin. The university was immediately informed of this bequest by the donor's attorney on October 21, 2018. The donor dies on January 2, 2019. The university receives the check for the bequest on May 4, 2019. The classroom building planning and construction began December 3, 2019 and was placed into operation in January 2, 2021. When should the $15,000,000 bequest be recognized by Kudzoo University?

A. October 21, 2018.

B. January 2, 2019.

C. May 4, 2019.

D. January 2, 2021.

Reference no: EM132537235

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