1. Unrestricted gifts and endowment income of a private university are reported as

1. A. increases in the unrestricted current fund balance on the statement of changes in fund balances.
2. B. unrestricted revenues on the statement of current funds revenues, expenditures, and other changes.
3. C. unrestricted revenues on the statement of activities.
4. D. increases in the unrestricted current fund balance on the statement of activities.