Deferred inflow of resources is
A) Money that will be collected 5 years from now
B) Money that is in a fiduciary fund until donor restrictions lapse
C) Money collected in the current period that are applicable to the future periods
D) Present obligations that the government has little or no discretion to avoid.

Question

Deferred inflow of resources is 
A) Money that will be collected 5 years from now
B) Money that is in a fiduciary fund until donor restrictions lapse
C) Money collected in the current period that are applicable to the future periods
D) Present obligations that the government has little or no discretion to avoid.

Quizplus · Accepted Answer

Deferred inflows of resources are amounts that are recognized by the government but are related to future periods. This means that the government has received the resources, but these resources are earmarked for use in future accounting periods, not the current one.

Deferred Inflow of Resources Is