A nongovernment voluntary health and welfare organization (VHWO) received an unconditional pledge in 20X5 from a donor specifying that the amount pledged be used in 20X7.
The donor paid the pledge in cash in 20X6. The pledge should be reflected in

a. temporarily restricted net assets in the Balance Sheet at the end of 20X5, and in unrestricted net assets at the end of 20X6.

b. temporarily restricted net assets in the Balance Sheet at the end of 20X5 and 20X6, and in unrestricted net assets at the end of 20X7.

c. in unrestricted net assets at the end of 20XS5.

d. none of the above.