The Entry to Record the Expiration of Program Restrictions Includes

question 50

Multiple Choice

The entry to record the expiration of program restrictions includes which of the following?

• A) Debit Reclassification from Temporarily Restricted Net Assets.
• B) Credit Performance Expense.
• C) Debit Reclassification to Unrestricted Net Assets.
• D) Credit Reclassification from Temporarily Restricted Net Assets.

---

Definitions:

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aiming to standardize laws across states.

Negligent

Failing to take proper care in doing something, resulting in damage or harm to another person.

Certified Check

A check verified by a bank, confirming that the signer has enough funds in their account to cover the check amount.

Cashier's Check

A check issued by a bank, drawn on the bank's own funds and signed by a cashier, used for guaranteed payment.