Which of the following is not a net asset category reported by not-for-profit entities?
A) Unrestricted net assets.
B) Temporarily restricted net assets.
C) Restricted net assets.
D) Permanently restricted net assets.

Question

Quizplus · Accepted Answer

Not-for-profit entities report net assets in three categories: unrestricted, temporarily restricted, and permanently restricted. "Restricted net assets" is not a specific category; it is a general term that could refer to either temporarily or permanently restricted net assets.

Which of the Following Is Not a Net Asset Category