Revenues of a not-for-profit organization should be reported as

Question

Quizplus · Accepted Answer

Revenues of a not-for-profit organization should be reported as increases in one of the three categories of net assets: unrestricted net assets, temporarily restricted net assets, or permanently restricted net assets. The specific category depends on any donor restrictions or limitations placed on the use of the funds. However, regardless of the category, all revenue increases ultimately contribute to the overall net assets of the organization.

Revenues of a Not-For-Profit Organization Should Be Reported as