The Institute of Management Accountants (IMA) incurs the following transactions:
1. A gift of cash is received with no stipulations as to use.
2. The IMA borrows money to finance construction of a new office building.
3. Money is collected from participants for the future annual conference.
4. The Board of Directors sets aside money for distribution to universities as awards for best management accounting doctoral dissertations.
5. An automobile is donated; the donor specifies that the automobile is to be used in transporting staff on official organization business.
6. Depreciation is computed on the automobile in 5.
7. General revenues are set aside to repay the loan in 2.
8. Gently used accounting textbooks are collected for distribution to inner city high schools.
Required
For each item, indicate the category of net assets affected, if any.