_____ Under FAS 117, income earned from temporary endowments that can be spent on only certain programs and that was spent in the year earned would be reported in the statement of activities in the
A) Permanently restricted category.
B) Temporarily restricted category.
C) Unrestricted category.
D) Temporarily restricted category or unrestricted category.
E) None of the above.

Question

_____	Under FAS 117, income earned from temporary endowments that can be spent on only certain programs and that was spent in the year earned would be reported in the statement of activities in the
A) Permanently restricted category.
B) Temporarily restricted category.
C) Unrestricted category.
D) Temporarily restricted category or unrestricted category.
E) None of the above.

Quizplus · Accepted Answer

The Answer of _____	Under FAS 117, income earned from temporary endowments that can be spent on only certain programs and that was spent in the year earned would be reported in the statement of activities in the
A) Permanently restricted category.
B) Temporarily restricted category.
C) Unrestricted category.
D) Temporarily restricted category or unrestricted category.
E) None of the above.

_____ Under FAS 117, Income Earned from Temporary Endowments That Can