Question: The Do Good Foundation received $ 1 0 0 , 0 0 0 to permanently endow a teaching position dedicated to good works in the

The Do Good Foundation received $100,000 to permanently endow a teaching position dedicated to good works in the local school system. The donor stipulated that the earnings from the donation would be used for the teacher's salary but that the endowment would not be spent. The Foundation would account for the $100,000 received for the endowment as:
a.
Net assets with donor restrictions.
b.
Net assets without donor restrictions.
c.
Net assets with conditional restrictions.
d.
Net assets with unconditional restrictions.

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