ACC 460 week 5 Chapter 12 Review and Discussion

May 1st, 2015
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ACC 460 week 5 Chapter 12 Review and Discussion

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Chapter 12 Review and Discussion:1. Temporarily restricted examplesa. Temporarily restricted asset for a purpose is cash from a grant of a donation. The grant could come from the government to a school district for the purpose of buying computers. This means the grant allows only the purchase of computers with it, but can be spent whenever the school wants.b. Pledges or contributions can be time restricted. This can also come from investments. The time restricting involves only using a resource when the time is set to use it. For example, money from a contribution is accepted but is

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