Sayer University,a not-for-profit university,earned $750,000 from bookstore revenue and spent $250,000 for faculty research in 20X8.The $250,000 for faculty research came from a $400,000 research grant received in the previous year.What is the effect of these events on unrestricted net assets in 20X8?
A) Increase $500,000
B) Increase $750,000
C) Increase $1,000,000
D) Increase $1,150,000

Question

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The Answer of Sayer University,a not-for-profit university,earned $750,000 from bookstore revenue and spent $250,000 for faculty research in 20X8.The $250,000 for faculty research came from a $400,000 research grant received in the previous year.What is the effect of these events on unrestricted net assets in 20X8?
A) Increase $500,000
B) Increase $750,000
C) Increase $1,000,000
D) Increase $1,150,000

Sayer University,a Not-For-Profit University,earned $750,000 from Bookstore Revenue and Spent