The board of directors for a voluntary health and welfare organization decided to designate $20,000 each year for the next three years to fund a special research project it was planning to conduct at the end of the three year period. How would these board-designated resources be reported on the statement of financial position?
A) Unrestricted net assets.
B) Temporarily restricted net assets.
C) Permanently restricted net assets.
D) Internal payable.
Correct Answer:
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