A Donor Gave $100,000 to a Foundation,which Is Financially Related

Multiple Choice

A donor gave $100,000 to a foundation,which is financially related to a nongovernmental,not-for-profit organization.The foundation,which is also a nongovernmental,not-for-profit organization,would record the $100,000 as:

A) A Revenue.
B) A Liability.
C) Either (a) or (b) , depending upon the policy of the foundation.
D) Neither (a) or (b) ; the transaction would not be recorded by the foundation.