Net assets are classified based on the existence or absence of restrictions imposed by those who provide
Question:
Net assets are classified based on the existence or absence of restrictions imposed by those who provide the funds. Three types of net assets must be reported on a statement of financial position for a nonprofit entity. The types are distinguished according to the level of restriction imposed on them by donors. The three types are:
1. permanently r ______ ed net assets 2. temporarily restricted n a 3. unr ______ ed net assets
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: