gold development gd a newly incorporated not for profit organization with a december 31 year end will offer low rent housing services for peopl

Required
1. Explain to Mr. Bilodeau what is meant by “reporting on a restricted- fund accounting basis” according to the CICA Handbook.
2. Advise Mr. Bilodeau on the appropriate accounting for the above issues assuming that GD decides to report on a restricted-fund accounting basis.