Questions

SP25-BL-SPEA-V246-multisection Interactive Reading 4

Matching

Fill in the blanks for the category of net asset below 1: Resources restricted for use in future years but not restricted to a specific purpose 2: Unrestricted Resources designated for plant expansion 3: Undesignated and unrestricted resources 4: Resources restricted by donors for Scholarships 5: Resources invested in fixed assets (net of related accumulated depreciation and debt) 6: Resources restricted by bond indenture for plant expansion

Options

A.Net Assets with donor restrictions

B.Net Assets without donor restrictions

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Step-by-Step Analysis

To begin, let's restate the six items and the two possible net asset categories provided. Options: Net Assets with donor restrictions; Net Assets without donor restrictions. 1) Resources restricted for use in future years but not restricted to a specific purpose Reasoning: Time restrictions (use in future years) imposed by a donor fall under donor-imposed restrictions, so this aligns with Net Assets with donor restrictions. The restriction is not about a specific purpose, but it is a donor-imposed temporal restriction, which still makes it donor-res......Login to view full explanation

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