Question: A nongovernmental not-for-profit organization provided the following data in regard to $500,000 of donations received during the year, purchase of investments to be held perpetuily at the donor's request $100,000
FUTURE REPAIRS TO THE ORGANIZAITION'S BUILDING AND EQUIPPMENT AT THE DONOR'S REQUEST 250,000
General operation at the discretion of the board of directors 100,000
Specific program services as indicated by the donor 50,000
In order to properly reflect receipt of the donations, net assets should increase in the amount of
a. $ 400,000 unrestricted and $ 100,000 permanently restricted
b. $ 150,000 unrestricted, $ 250,000 temporarily restricted and $ 100,000 permanently restricted
c. $100,000 unrestricted, $ 300,000 temporarily restricted, and $ 100,000 permanently restricted
d. $ 100,000 unrestricted and $ 400,000 permanently restricted