The equity section of the balance sheet for private,not-for-profit colleges and universities includes which of the following designations?

Question

Quizplus · Accepted Answer

Private, not-for-profit colleges and universities use the three designations of Unrestricted Net Assets, Temporarily Restricted Net Assets, and Permanently Restricted Net Assets to differentiate the various categories of funding. Paid-in capital, retained earnings and net assets invested in capital assets are more commonly found on the balance sheets of for-profit companies.

The Equity Section of the Balance Sheet for Private,not-For-Profit Colleges