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True or False. Of the two types of temporary restrictions placed on contributions—purpose-type restrictions and time restrictions—only one should be reported as restricted contributions.
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True or False. Of the two types of temporary restrictions placed on contributions—purpose-type restrictions and time restrictions—only one should be reported as restricted contributions.

User Rene Larsen
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4 votes

Answer:

False

Step-by-step explanation:

Both can be reported because a restricted fund is usually designated a specific purpose which could be time dependent.

User Vincent Koeman
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