Unrestricted-temporarily restricted-permanently restricted


Problem: Determine the correct category for the following items a to d and explain your rationale (Unrestricted, Temporarily Restricted, and Permanently Restricted Net Assets):

a) Revenue from gift shop sales

b) Donor gives cash to the organization, specifying it cannot be used until the following year

c) Donor makes a pledge for current year operations but it is not yet paid

d) Donor gives organization a statue, but makes it promise to only display the statue and not sell it.

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Other Management: Unrestricted-temporarily restricted-permanently restricted
Reference No:- TGS02018075

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