The balance sheet of nongovernment, not-for-profit colleges and universities would report which component of net assets?

Question

Quizplus · Accepted Answer

Nongovernment, not-for-profit colleges and universities do not rely on government funding, so they do not have restricted net positions or nonspendable net assets. They typically hold significant capital assets, but those are reported separately under net investment in capital assets. The main component of net assets on their balance sheet would be net assets without donor restrictions, which represent the portion of their assets that are not subject to donor restrictions and can be used to cover operating expenses, invest in capital assets, or further the institution's mission in other ways.

The Balance Sheet of Nongovernment, Not-For-Profit Colleges and Universities Would