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