Please use the following choices to fill in the blanks in the next two questions: a. unrestricted

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Please use the following choices to fill in the blanks in the next two questions:
a. unrestricted 
b. temporarily restricted c. permanently restricted
1. When Professor Chellman endows an annual lecture series at the Wagner School, he stipulates that only the interest income derived from his gift may be used to fund the program. The Wagner School places the gift in its ________ fund.
2. When the Wagner School sets asides a portion of net assets to be used for computer software purchases, the designation is made in the ________ fund.

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Financial Management for Public, Health and Not-for-Profit Organizations

ISBN: 978-1506326849

5th edition

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

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