Some nonprofits hospitals report "assets limited as to use" when specific resources are restricted by a contract (such as with a lender) or when the nonprofit's governing body has set aside resources for a specific purpose.

Question

Quizplus · Accepted Answer

"Assets restricted as to use" are designations of unrestricted resources of a nonprofit hospital that have been set aside either as a result of a contractual agreement with an external party other than a donor or as a result of an internal decision by a hospital's governing board.

Some Nonprofits Hospitals Report "Assets Limited as to Use" When