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the following funds were among those held by Olmstead college at December 31,2019: Principal specified by the donor as nonexpendable - $700,000. principal expendable after

the following funds were among those held by Olmstead college at December 31,2019: Principal specified by the donor as nonexpendable - $700,000. principal expendable after the year 2025 - $400,000. Principal designated from unrestricted n et assets - $300,000. what amount should Olmstead college classify as permanently restricted endowments? a) 1400000 b) 300000 c) 400000 d) 700000

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