Which of the following relating to not-for-profit accounting for contributions is false?

A. All contributed services should be recognized.

B.Contributions received should be recognized as revenues in the period received.

C.Service contributions should be valued at the fair value of services or the resulting increase in assets.

D.Contributions received should be recognized at their fair values.

Which classification is not a classification for net assets on the statement of financial position for a not-for-profit organization?

A.Partially restricted

B.Temporarily restricted

C.Permanently restricted

D.Unrestricted