A Nongovernment Voluntary Health and Welfare Organization Received Unrestricted Cash

Multiple Choice

A nongovernment voluntary health and welfare organization received unrestricted cash donations of $23,000 for the current year, $30,000 of pledges to be received in and used for general purposes in the following year, and a $100,000 donation to establish a permanent investment endowment. The organization should report

A) Revenues without donor restrictions of $53,000 and revenues with donor restrictions of $100,000.
B) Revenues with donor restrictions of $153,000.
C) Revenues without donor restrictions of $23,000, net assets released from restrictions of $30,000, and revenues with donor restrictions of $100,000.
D) Revenues without donor restrictions of $23,000 and revenues with donor restrictions of $130,000.