For a not-for-profit college or university, which of the following categories of net assets is NOT appropriate in its external financial statements?
A)Unrestricted net assets.
B)Temporarily restricted net assets.
C)Permanently restricted net assets.
D)None.All of the above are appropriate.

Question

Quizplus · Accepted Answer

All of the categories listed (unrestricted, temporarily restricted, and permanently restricted net assets) are appropriate for a not-for-profit college or university's external financial statements.

For a Not-For-Profit College or University, Which of the Following