10. Board-designated funds are a. not available unless the board of directors removes the restrictions. b. unrestricted net assets. c. not available for current operating use; however, the income...

10. Board-designated funds are

a. not available unless the board of directors removes the restrictions.

b. unrestricted net assets.

c. not available for current operating use; however, the income earned on the funds is available.

d. restricted as to use only for board-designated purposes.