In a private NFP organization's statement of financial position, what categories of net assets are displayed?

Question

Quizplus · Accepted Answer

The correct categories of net assets displayed in a private not-for-profit (NFP) organization's statement of financial position are "net assets with donor restrictions" and "net assets without donor restrictions." This classification reflects the current financial reporting standards for NFPs, which focus on the presence or absence of donor-imposed restrictions.

In a Private NFP Organization's Statement of Financial Position, What