On its year-end statement of financial position, the charity would report temporarily restricted net assets of:

Name: On its year-end statement of financial position, the charity would report temporarily restricted net assets of:
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

Temporarily restricted net assets are those that are restricted by donors for a specific purpose or time period. The charity would report $40,000 as temporarily restricted net assets if that amount is subject to donor-imposed restrictions that have not yet been met.

On Its Year-End Statement of Financial Position, the Charity Would