Assets that the governing board of a public university, rather than a donor or other outside agency, has determined are to be retained and invested...

21. Assets that the governing board of a public university, rather than a donor or other outside agency, has determined are to be retained and invested for future scholarships would be reported asA. An endowment.B. Unrestricted net assets.C. Deposits held in custody for others.D. Restricted net assets.