Which of the following are considered to be capital additions in the statement of activity of a not-for-profit organization?
- I. Nonexpendable gifts, grants, and bequests restricted by donors to endowment funds.
- II. Legally restricted investment income on investments held in endowment funds that must be added to the principal.
- III. Donor-restricted gifts for program or supporting services.
- a. I, II, and III.
- b. I and III only.
- c. I and II only.
- d. III only.