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For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate letter in the blank space

For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate letter in the blank space next to the definition.image text in transcribed

Net assets for which the donor has indicated use in a future period or for a particular purpose 1. Nonexchange transactions 2. Temporarily restricted net assets 3. Collections 4 Variance power Transactions in which the donor derives no direct tangible benefits 1vT The unilateral power of an organization to redirect donated assets to a different beneficiary than initially indicated by the donor Exchange transactions Board-designated net assets Permanently restricted net assets Promise to give 5. Works of art, historical treasures or similar assets held and protected for public exhibition and, if sold, proceeds would be used to acquire similar assets 6. 7. 8. Unrestricted net assets that the governing body decides to set aside for specific purposes

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