When a nongovernmental not-for-profit organization spends money for the purpose for which an external donor intended, then
Question:
A. Decrease in temporarily restricted net assets.
B. Decrease in unrestricted net assets.
C. Decrease in permanently restricted net assets.
D. Decrease in current-restricted fund balance.
Transcribed Image Text:
When a nongovernmental not-for-profit organization spends money for the purpose for which an external donor intended, then the expense is reported as a A. Decrease in temporarily restricted net assets. B. Decrease in unrestricted net assets. C. Decrease in permanently restricted net assets. D. Decrease in current-restricted fund balance.
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Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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