A nonproff arts organcation recelves a $$40,000$ git from a donor who specifies that the ght must be used only to tale disabled perions to the thater. Hoes abould the encry report the sazoco ght in the rett asset section of is statement of financial position?

Sext one:

a$.$ As net assets arabable for spending

b$.$ As net assets with contractual restrictions

c$.$ As net ansets with donor restrictions

d$.$ As net assets without donor restrictions