A $100,000 gift was received by Group Home Projects, a nongovernmental not-for- profit organization. Groups board of directors stipulated that this gift must be invested for a period of 4 years, with the income to be used for general operations. How should the gift be reported in Group Homes statement of activities?

Group of answer choices

Increase in net assets without donor restrictions.

Increase in net assets with donor restrictions.

Increase in net assets without donor restrictions of $25,000 and donor-restricted support of $75,000.

Deferred revenue.