Question: A non-profit, non-governmental organization received $5,000,000 in unconditional guarantees during 2013 that had not been collected during the year. In the 2013 statement of activities

A non-profit, non-governmental organization received $5,000,000 in unconditional guarantees during 2013 that had not been collected during the year. In the 2013 statement of activities the organization must recognize: A. no income, but must report receivable and deferred income on its statement, B. income with donor restrictions of $5,000,000, C. other sources of financing of $5,000,000

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