Simulation Questions: Simulation Examplel: For each of the transactions in the table below, identify the net asset classification described and select the appropriate item from the list provided Net Asset Classification Transactions 1. Earnings related to cash originally contributed unconditionally for tile purpose of funding an endowment for not-for-profit organizations. The principal of the contribution is to remain intact while earnings from the endowment must be used to fund the construction of a building. 2. A donor provides a deposit to a not-for-profit organization that with ultimately fund the construction of a new facility contingent upon securing operating funding for the program which it is to house. 3. A donor promises to contribute funds to defray construction costs of a new building contingent upon securing operating funding for the program which it is to house. 4. A donor promises unconditionally to donate funds for the primary operating purpose of a not-for-profit organization over the next three years. 5. A donor contributes cash unconditionally for the purpose of carrying out the business of a not-for-profit organization. The recipient organization fully anticipates expending the funds before the end of the fiscal year. 6. A donor provides an unconditional contribution to be used for the construction of a new facility whose purpose is mission-based programs 7. A donor contributes cash unconditionally for the purpose of developing new services central to the mission of a not-for-profit organization. 8. A donor contributes cash unconditionally for the purpose of funding an endowment for a not-for-profit organization. The principal of the contribution is to remain intact while earnings from the endowment may be used for any purpose. a) Unrestricted b) Temporarily restricted-purpose c) Temporarily restricted-capital outlay d) Temporarily restricted-time e) Permanently restricted Not classified as net assets