Multiple Choice
Private colleges are required to report net assets in the following categories:
A) Unrestricted and Restricted
B) Temporarily Restricted , Permanently Restricted and Unrestricted
C) Unrestricted, Temporarily Restricted and board designated
D) Restricted, Unrestricted and Temporarily Restricted
Correct Answer:

Verified
Correct Answer:
Verified
Q33: When a private college is the recipient
Q34: If a donor were to contribute money
Q35: Which of the following is true regarding
Q36: In 2015,a major drug company agreed to
Q39: Under FASB standards,quasi-endowments are classified as Unrestricted
Q40: Under FASB standards,true endowments are classified as
Q41: Match the Type of Entity with the
Q42: Record the following transactions on the books
Q43: The AICPA Audit Guide:<br> Not-for-Profit Organizations applies
Q96: Public colleges and universities are primarily subject