A not-for-profit organization received a donation temporarily restricted as to use.The donated amount was later spent in accordance with the restriction.In which category or categories of net assets should the related revenues and expenses be recognized?

A)Option A
B)Option B
C)Option C
D)Option D

Question

A not-for-profit organization received a donation temporarily restricted as to use.The donated amount was later spent in accordance with the restriction.In which category or categories of net assets should the related revenues and expenses be recognized?

A)Option A 
B)Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

The Answer of A not-for-profit organization received a donation temporarily restricted as to use.The donated amount was later spent in accordance with the restriction.In which category or categories of net assets should the related revenues and expenses be recognized?

A)Option A 
B)Option B 
C)Option C 
D)Option D

A Not-For-Profit Organization Received a Donation Temporarily Restricted as to Use.The