Charities are not required to report their resources by fund. The accounting equation is Assets = Liabilities + Net Assets. Net assets are presented in three classes, which differ from government financial information. • Unrestricted net assets: portion of net assets not temporarily or permanently restricted. (This category may include assets that were previously temporarily restricted, but the donor's stipulations were met, removing the restriction.) • Temporarily restricted net assets: the portion of net assets whose use is limited by the restriction imposed by the donor. donor on the timing and/or purpose of using the donated resources. • Net assets subject to permanent restrictions: the portion of net assets whose use is limited by restrictions imposed by donors and which are of a permanent nature, i.e. a restriction which cannot be fulfilled either by the passage of time, nor by actions. of the organization. Which other group project do you think was the strongest? Provide the reasons for your