Question $10(1$ point$)$

Babco inc. is a not$-$for$-$profit organization. In $2010,$ the organization received a donation of $$500,000,$ which must be used as an endowment. How would this endowment be accounted for in $2010$ under each of the following two methods?

Deferred contribution method: Never reported as revenue;

Restricted fund method: Revenue.

Deferred contribution method: Deferred revenue;

Restricted fund method: Never reported as revenue.

Deferred contribution method: Deferred Revenue;

Restricted fund method: Revenue.

Deferred contribution method: Revenue:

Restricted fund method: Never reported as revenue.