The governing board of Samaritan Hospital, which is operated by a religious organization, designated $500,000 of cash for future expansion of the hospital. On the hospital's balance sheet, the cash designated for future plant expansion would be disclosed in which of the following classes of net assets?
A. Net assets with donor restrictions
B. Net assets without donor restrictions
C. Board designated net assets
D. Plant replacement and expansion
Answer: B
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Which of the following are defined in the text as basic assumptions concerning the business environment?
a. Concepts b. Principles c. Postulates d. Axioms
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a. evaluation b. promotion c. price d. distribution
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