Rose Smith made a cash donation for a specific purpose in December 2009, to United Ways, a nongovernmental, nonprofit organization that raises contributions for others.

Assume United Ways was (1) not granted variance power by Rose Smith over her donation and (2) the beneficiaries of the donation are not financially related to United Ways. How should United Ways account for Rose’s cash donation?

a. As an increase in contribution revenue.

b. As an increase in liabilities.

c. As either an increase in contribution revenue or liabilities.

d. As neither an increase in contribution revenue nor liabilities.