In the preparation of the statement of activities for a not-for-profit organization, conditional pledges that will be received during the same fiscal year as the pledge is made and can be used at the discretion of the Board of Trustees are reported as increases in which of the following net asset classes?

Select one:

a. Net assets with donor restrictions

b. Net assets without donor restrictions

c. Are not reported in the Statement of Activities

d. None of the above are correct