On July 1, 20X5, Lilydale Hospital's board of trustees designated ($ 200,000) for expansion of outpatient facilities.
Question:
On July 1, 20X5, Lilydale Hospital's board of trustees designated \(\$ 200,000\) for expansion of outpatient facilities. The \(\$ 200,000\) is expected to be expended in the fiscal year ending June 30 , 20X8. In Lilydale's balance sheet at June 30, 20X6, this cash should be classified as
a. assets limited as to use.
b. a restricted noncurrent asset.
c. an unrestricted current asset.
d. an unrestricted noncurrent asset.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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