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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A not-for-profit hospital receives a $25,000 donation that must be used for a special training program for nurses. When the donated resources are used for the intended purpose, in which net asset classification should the hospital report the expense?
      a.   assets limited as to use
      b.   temporarily restricted net assets
      c.   unrestricted net assets
      d.   permanently restricted net assets
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3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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goji.go Author
wrote...
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
9 years ago
You're very welcome!
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