Acc 460 Week 5 Research Paper
Week 5 Individual Textbook Assignment Chapter 12
ACC-460
January 23, 2012
Week 5 Individual Textbook Assignment Chapter 12 1. Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources. a. Resources that are deemed restricted can be restricted as to a defined purpose by the donor. Such examples for restricted donations can be that it must be used for research, acquisition of defined assets, or for particular programs. b. Resources can also be restricted for time that it can be used. This is a term endowment, which states that the fund must remain intact for a specified period and after
ACC-460
January 23, 2012
Week 5 Individual Textbook Assignment Chapter 12 1. Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources. a. Resources that are deemed restricted can be restricted as to a defined purpose by the donor. Such examples for restricted donations can be that it must be used for research, acquisition of defined assets, or for particular programs. b. Resources can also be restricted for time that it can be used. This is a term endowment, which states that the fund must remain intact for a specified period and after