Cactus College,a small private college,received a research grant from NACUBO to study whether service efforts and accomplishments measures improve institutional performance.In accordance with FASB standards the grant would be reported as an increase in:

Question

Quizplus · Accepted Answer

The grant from NACUBO is likely to have donor-imposed restrictions on its use, which means it should be reported as an increase in temporarily restricted net assets according to FASB standards.

Cactus College,a Small Private College,received a Research Grant from NACUBO