Net assets are classified based on the existence or absence of restrictions imposed by those who provide

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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

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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