The board of directors for a nongovernmental not-for-profit organization decided to designate $20,000 each year for...

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The board of directors for a nongovernmental not-for-profit organization decided to designate $20,000 each year for the next three years to fund a special research project it was planning to conduct at the end of the three- year period. How would these board-designated resources be reported on the statement of financial position? Select one: a. The resources would not be reported on the statement of financial position. b. Net assets without donor restrictions. c. Net assets with donor restrictions. d. Internal payable. The board of directors for a nongovernmental not-for-profit organization decided to designate $20,000 each year for the next three years to fund a special research project it was planning to conduct at the end of the three- year period. How would these board-designated resources be reported on the statement of financial position? Select one: a. The resources would not be reported on the statement of financial position. b. Net assets without donor restrictions. c. Net assets with donor restrictions. d. Internal payable.

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