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FASB Statement Classification Assets

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What are the three classifications of net assets established by FASB Statement 117?

How are these net assets affected by the existence or absence of donor-imposed restrictions?

How are releases of these net assets accomplished?

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The three classifications of net assets established by FASB is examined. How these net assets affected by the existence or absense of donar-imposed restrictions are examined.

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The three classifications of net assets established by FASB statement 117 are: permanently restricted net assets temporarily restricted net assets and unrestricted net assets (www.fasb.org).

These nets assets are affected by the existence or absence of donor-imposed restrictions by:
1. The permanently restricted net assets are effected by the existence of donor-imposed restrictions because these net assets are for a not for profit organization from contributions or other types of inflow assets whose use by the organization is limited by donor-imposed restrictions that do not expire by time nor by fulfillment or removed by actions of the organization ...

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