For Private Colleges and Universities,reclassifications of Temporarily Restricted and Unrestricted
Multiple Choice
For private colleges and universities,reclassifications of temporarily restricted and unrestricted net assets could be made:
A) For satisfaction of purpose restrictions.
B) When time restrictions expire.
C) If the resources donated for fixed assets have been expended on such assets.
D) all of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: If the receivable for a student is
Q25: Which of the following is true regarding
Q25: What are the reporting options for the
Q28: Public colleges and universities are subject to
Q31: According to the rules for accounting for
Q32: According to the FASB,plant acquired by colleges
Q50: According to the rules for accounting for
Q69: Financial statements prepared for private colleges and
Q76: A charitable remainder trust and a charitable
Q115: According to the rules for accounting for