For a public C&U that presents a statement of revenues, expenses, and changes in net assets, temporarily restricted gifts received are reported in the nonoperating revenues and expenses section.

Question

Quizplus · Accepted Answer

Temporarily restricted gifts are reported in the nonoperating revenues section because they are not part of the core, ongoing operational activities of the institution but are instead designated for specific purposes by the donor and thus recognized separately from operating revenues.

For a Public C&U That Presents a Statement of Revenues