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24. Stapleton College received $200,000 from a donor that was restricted for student scholarships. During the year, the College awarded all of the scholarships to
24. Stapleton College received $200,000 from a donor that was restricted for student scholarships. During the year, the College awarded all of the scholarships to deserving students. How should the donation be recognized in the year-end statement of activities?
a. As both an increase and a decrease in in unrestricted net assets
b. As a decrease in unrestricted net assets
c. With only a footnote reference
d. The transaction is not reported
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