As of December 31, 2009, the contribution revenue would be classified as:

Question

Quizplus · Accepted Answer

Contribution revenue would be classified as temporarily restricted if the donor imposes restrictions on the use of the funds. Without additional information, it is impossible to determine if the contributions are restricted or not, thus making option A and C incorrect. Option D is also incorrect because revenue cannot be classified as neither restricted nor unrestricted without further information.

As of December 31, 2009, the Contribution Revenue Would Be