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  • B. Any Excess Expenditure of Temporarily Restricted Net Assets Should Be Classified As A Reduction of Unrestricted Net Assets

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    Asm Burraq
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    6 views1 page

    B. Any Excess Expenditure of Temporarily Restricted Net Assets Should Be Classified As A Reduction of Unrestricted Net Assets

    Uploaded by

    Asm Burraq
    page1

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    .

    Temporarilyrestrictednetassetsaresimilartopermanentlyrestrictednetassets,
    exceptthedonorimposedstipulationseitherexpirebypassageoftimeorcan
    befulfilledandremovedbyactionsoftheorganization.

    a. Temporarilyrestrictednotequaltodeficit;

    b. Anyexcessexpenditureoftemporarilyrestrictednetassetsshouldbe
    classifiedasareductionofunrestrictednetassets.

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