Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
For the independent transaction below, indicate which of the revenue/support or expense classifications apply by choosing one or more of the letters from the listed items
For the independent transaction below, indicate which of the revenue/support or expense classifications apply by choosing one or more of the letters from the listed items.
The Older Adult Transportation Service received $8,000 from riders for the year and $52,000 from temporarily restricted grant sources.
A. Exchange revenue
B. Unrestricted support
C. Temporarily restricted support
D. Permanently restricted support
E. Released from restriction
F. Program services expense
G. Management and general expense
H. Fund-raising expense
Expert Solution
C. Temporarily restricted support
The problem provided that such donation from the donor agency be held temporarily restricted. This means that the donor has not yet specified on which such will be used and utilized to but intends to provide the purpose on why such fund was donated. Since there is no fixed purpose, it is considered as temporary restricted and may only be used upon the instruction of the donor agency.
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
