218 FAR617347 Springs University received $50,000 from Ms. Kelly Brown on June 3, Y1 Springs decided to use this contribution to distribute to faculties for their research for the next fiscal year beginning September 1, Y1. On August 30, Y1 Springs distributed $30,000 of this money received from Ms. Brown to the faculties towards their research for the next fiscal year for the year ended August 31, 1. Springs should report this contribution as The revenue of $30,000 as without donor restrictions and $20,000 as with donor restrictions The revenue of $50,000 as without donor restrictions The revenue of $30,000 as without donor restrictions and $20,000 as deferred revenue. The revenue of $50,000 as deferred revenue FAR617344 220 Northwest public library received two donations from Mr. Tom Hanks in the month of November 71:$10,000 which was to be used to purchase children's books and $20,000 to be used as deemed fit by the library The library designated that another $50.000 was to be used to purchase desks and chairs for the library On December 3, Y1 the library purchased children's books worth $10,000 and on December 15, Y1 they purchased desks and chairs worth $20,000. How should both these expenses be reported in the statement of activities for the December 31, Y1? Purchase of children's books Purchase of desks and chairs Decrease in net assets without donor restrictions Decrease in net assets without donar restrictions Decrease in net assets without donar restrictions Decrease in net assets with donor restrictions Decrease in net assets with donor restrictions Decrease in net assets with donor restrictions Decrease in net assets with donar restrictions Decrease in net assets without donor restrictions ber