Multiple Choice
A nongovernment not-for-profit organization statement of activities reports
A) Only changes in net assets without donor restrictions.
B) Only changes in net assets without donor restrictions that are revenues, expenses, gains, or losses.
C) Both changes in net assets without donor restrictions and changes in net assets with donor restrictions.
D) Only changes in total net assets.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: In 20X8, the following pledges were made:
Q18: A nongovernment, not-for-profit organization received $5,000,000 of
Q19: A private school is given $40,000 to
Q20: Land valued at $100,000 was donated
Q21: Reporting for Not-for-Profit Organizations<br> <span
Q23: Which of the following is true for
Q24: Nongovernment not-for-profit organizations are required to report
Q25: Fund-raising expenses are classified as<br>A) Program services
Q26: The net realizable value or present value
Q27: A nongovernment not-for-profit organization received donated services