On the statement of operations for a nonprofit, nongovernmental hospital, which of the items below is included in the amount reported for “revenue and gains over expenses and losses” (the performance indicator)?

  1. I. Unrealized loss on other than trading securities. The securities are included in unrestricted net assets.
  2. II. Contribution received from a donor that cannot be used until next year.
    1. a. I only.
    2. b. II only.
    3. c. Both I and II.
    4. d. Neither I nor II.