The governing board of Samaritan Hospital,which is operated by a religious organization,designated $500,000 of cash for future expansion of the hospital.On the hospital's balance sheet,the cash designated for future plant expansion would be disclosed in which of the following classes of net assets?

Question

Quizplus · Accepted Answer

The cash designated by the governing board for future expansion is considered unrestricted net assets because it is an internal designation, not a donor-imposed restriction.

The Governing Board of Samaritan Hospital,which Is Operated by a Religious