Unrestricted current funds of a private university designated by the governing board for a specific future purpose should be reported as part of:
A)net assets without donor restrictions.
B)net assets with donor restrictions.
C)board-restricted net assets.
D)term endowments.

Question

Quizplus · Accepted Answer

Unrestricted current funds designated by the governing board for a specific future purpose are reported as part of net assets without donor restrictions, as they are internally designated and not restricted by external donors.

Unrestricted Current Funds of a Private University Designated by the Governing