A nonprofit organization's assets that have been designated by its board of directors for a specific project should be reported on the external financial statements as__________________ net assets.
  • a)
    Unrestricted              
  • b)
    Temporarily restricted
  • c)
    Permanently restricted
  • d)
    None
Correct answer is option 'A'. Can you explain this answer?

Commerce Question

4 Answers
Singh Satnam answered May 26, 2020
Unrestricted assets

Mini Kumari Sharma answered May 08, 2020
Unrestricted asset

Priya Pallawi answered May 15, 2020
A) unrestricted net asset is a non profit organisation's asset that has been designed by its board of director.

Popoola Abdulhafeez answered Jun 01, 2020
Unrestricted assets

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