Question
on 6 et red ed out of Assuming a not-for-profit organization used the restricted fund method and had separate funds for the purpose for
on 6 et red ed out of Assuming a not-for-profit organization used the restricted fund method and had separate funds for the purpose for which donations were intended, how should investment income earned on donation revenue be accounted for if the donation revenue was a restricted contribution but there was no restriction placed on the use of the investment income? Select one: ag question OA. As investment income in the general fund. B. As investment income in the restricted fund. VOC. As a direct increase in net assets in the restricted fund. OD. As donation revenue in the restricted fund.
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