Question: 24. Stapleton College received $200,000 from a donor that was restricted for student scholarships. During the year, the College awarded all of the scholarships to

24. Stapleton College received $200,000 from a donor that was restricted for student scholarships. During the year, the College awarded all of the scholarships to deserving students. How should the donation be recognized in the year-end statement of activities?

a. As both an increase and a decrease in in unrestricted net assets

b. As a decrease in unrestricted net assets

c. With only a footnote reference

d. The transaction is not reported

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