Which of the Following Is True for a Nongovernment, Not-For-Profit

Multiple Choice

Which of the following is true for a nongovernment, not-for-profit organization?

A) Revenues and expenses may be reported in changes in net assets without donor restrictions.
B) Revenues and expenses may be reported in changes in net assets with donor restrictions.
C) Expenses and net assets released from restrictions may be reported in changes in net assets with donor restrictions.
D) Expenses may be reported in changes in net assets without donor restrictions or in changes in net assets with donor restrictions.