Which of the following statements is correct?

Question

Quizplus · Accepted Answer

Unrestricted resources can be used for any purposes that are consistent with the goals and objectives of the Not-for-Profit Organization. However, restricted resources can only be used for specific purposes designated by the donor or grantor. Both restricted and unrestricted funds must be used in accordance with the wishes of the contributor or grantor. But in the case of unrestricted funds, the organization has more flexibility in how the funds can be used, as long as it is consistent with its goals and objectives.

Which of the Following Statements Is Correct