A Permanent Fund Reports Endowment Investments of $10 Million, Where

Multiple Choice

A permanent fund reports endowment investments of $10 million, where donors specify that investment income be used for specific activities. Total unspent income on these investments at year-end is $45,000. On its balance sheet, the permanent fund reports the $45,000 in which category of fund balance?

A) Nonspendable
B) Restricted
C) Committed
D) Assigned