If a Donor Selects a Scholarship Recipient,and Then Donates Cash

Multiple Choice

If a donor selects a scholarship recipient,and then donates cash to a ballet school to fund that scholarship,the ballet school would:

A) Record the donated cash as a contribution.
B) Record a liability, as it is merely acting as an agent for the donation.
C) Record the scholarship awarded as a reduction of revenue.
D) Both A & C.