Cactus College, a small private college, received a research grant from NACUBO to study whether service efforts

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Question:

Cactus College, a small private college, received a research grant from NACUBO to study whether service efforts and accomplishments measures improve institutional performance. Under the provisions of SFAS No. 116 the grant would be reported as an increase in:

A. Net assets without donor restrictions.

B. Net assets with donor restrictions.

C. Deferred revenue.

D. Board-designated net assets.