Which of the following statement is NOT true regarding the characteristics of a non-profit organization?

I. The donor can impose the restriction on all the assets and liability of the non-profit organization

II. The user of the financial statement can impose the restriction on the assets owned by the non-profit organization

III. The board of trustee cannot impose the restriction on the assets owned by the non-profit organization

IV. The temporary restriction can be removed due to the passage of time and fulfillment of specific objectives

V. The non-profit organization can raise its own capital

		a. I, II and III only
		b. I, II, III and IV only
		c. I, II, III and V
		d. II, III and V