Multiple Choice
The line item, net assets released from restrictions, may be reported in a nongovernment, not-for-profit organization's statement of activities in which classifications?
A) Changes in net assets with donor restrictions only.
B) Changes in net assets without donor restrictions and changes in net assets with donor restrictions.
C) Changes in unrestricted net assets and changes in permanently restricted net assets.
D) Changes in unrestricted net assets, changes in temporarily restricted net assets, and/or changes in permanently restricted net assets.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: <span class="ql-formula" data-value="\underline{\text{ Transactions: }}"><span class="katex"><span
Q3: Investment earnings of $1,250 were earned on
Q4: Fund raising expenses are reported as<br>A) Nonoperating
Q5: Special fund-raising events of a nongovernment, not-for-profit
Q6: Nongovernment not-for-profit organizations recognize revenues when<br>A) Pledges
Q8: A nongovernment not-for-profit organization received a cash
Q9: A not-for-profit organization receives donated supplies valued
Q10: A nongovernment not-for-profit organization received a cash
Q11: A nongovernment, not-for-profit organization provides the
Q12: <span class="ql-formula" data-value="\underline{\text{ Transactions: }}"><span class="katex"><span