In Which of the Following Categories May Investment Income Be

question 145

Short Answer

In which of the following categories may Investment Income be reported by Not-for-Profit organizations:
I) Unrestricted net asset
II) Temporarily restricted net asset
III) Permanently restricted net asset
A) Only I.
B) Only I & II.
C) Only 1 & III.
D) I, II & III.

• A) Only I.
• B) Only I & II.
• C) Only 1 & III.
• D) I, II & III.