In 2017, the Change in Temporarily Restricted Net Assets Is

question 8

Multiple Choice

In 2017, the change in temporarily restricted net assets is

• A)$0
• B)$200,000 decrease.
• C)$200,000 increase.
• D)$1,000,000 decrease.

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Definitions:

Negotiable Instrument

A document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the payer specified on the document.

Endorsement

Signing one's name on the back of a check or other document, authorizing its transfer or acceptance, or the act of publicly supporting a product, service, or candidate.

Cash Receipts

The collection of money, including coins, notes, and electronic payments, received by a business during a given period.

Restricted Cash

Funds that are reserved for a specific purpose and cannot be used for general corporate purposes.