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Author Question: REA stands for resources, entities and agents. Indicate whether the statement is true or ... (Read 121 times)

amal

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on: Jul 5, 2018
REA stands for resources, entities and agents.
  Indicate whether the statement is true or false

Question 2

A not-for-profit hospital receives a 25,000 donation that must be used for a special training program for nurses.
 
  When the donated resources are used for the intended purpose, in which net asset classification should the hospital report the expense?
   a. assets limited as to use
   b. temporarily restricted net assets
   c. unrestricted net assets
   d. permanently restricted net assets


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komodo7

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Reply #1 on: Jul 5, 2018
Answer to Question 1

F

Answer to Question 2

c


amal

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Reply #2 on: Jul 5, 2018
Thank you


komodo7

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Reply #3 on: Jul 5, 2018
No problemo


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