Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) A contribution is recorded as revenue when the promise to give is unconditional.
B) Fixed assets acquired with either unrestricted or restricted sources may ONLY be recorded initially as temporarily restricted and then reclassified in accordance with the depreciation schedule.
C) Museum and other inexhaustible collections may or may not be capitalized and recorded in the accounts.
D) If services are required for student aid (i.e. Graduate assistantships) , the revenue account is shown at the gross amount, and an expense is charged.