Private colleges are required to report net assets in the following categories:

Question

Quizplus · Accepted Answer

Private colleges are required to report their net assets in three categories: restricted, unrestricted and temporarily restricted. Restricted net assets refers to funds that have donor-imposed restrictions, such as scholarship funds, while unrestricted net assets have no restrictions on their use. Temporarily restricted net assets are funds that have donor-imposed restrictions but these restrictions will expire over a period of time or condition, such as a building renovation. Therefore, Option D is the best choice.

Private Colleges Are Required to Report Net Assets in the Following