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What are the three types of restricted net assets

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Reference no: EM132949039

Problem 1: A statement of activities shows account balances in two separate columns. How are those columns labeled?

Option 1: Current and noncurrent
Option 2: Temporary and permanent
Option 3: Without donor restrictions and with donor restrictions
Option 4: Contributed funds and funds from exchange transactions

Problem 2: What are the three types of restricted net assets?

Option 1: Current, noncurrent, structural
Option 2: Purpose, time, permanent
Option 3: Immediate, longer than one year, longer than five years
Option 4: Monetary, nonmonetary, leveraged

Reference no: EM132949039

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