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The Do Good Foundation receives annual contributions restricted for the accomplishment of good programs. Annual contributions are routinely fully utilized by year end. In this situation, the Do Good Foundation would record restricted good program earnings in what way? a. The Do Good Foundation may record the good program earnings in the net assets without donor restrictions class. b. The Do Good Foundation must record the good program earnings in the net assets with donor restrictions class and only reclassify them upon their use for the purpose intended. c. The Do Good Foundation would record a memo adjustment acknowledging the restricted nature of good program earnings. d. The Do Good Foundation would disclose good program revenues only if they were derived from donor restricted donations.
Sagot :
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