which of the following transactions or events would cause an increase in unrestricte 607235

Which of the following transactions or events would cause an increase in unrestricted net assets for the year ended December 31, 2005?

1. I. A private not-for-profit voluntary health and welfare organization spent a restricted donation that was received in 2004. In accordance with the donor’s wishes, the donation was spent on public health education during 2005.
2. II. During 2005, a private, not-for-profit college earned dividends and interest on term endowments. Donors placed no restrictions on the earnings of term endowments. The governing board of the college intends to use this investment income to fund undergraduate scholarships for 2006.
   1. a. II only.
   2. b. I only.
   3. c. Neither I nor II.
   4. d. Both I and II.