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 unrestricted net assets only.
B) Changes in unrestricted net assets and changes in temporarily restricted net assets.
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
Q5: Fund-raising expenses are classified as
A) Program services
Q11: A not-for-profit organization receives donated supplies valued
Q12: A nongovernment voluntary health and welfare organization
Q13: The board of directors of a nongovernmental
Q13: A private school is given $40,000 to
Q14: Nongovernment not-for-profit organizations are required to report
Q16: A nongovernment not-for-profit organization received donated services
Q17: Listed below are two transactions for
Q19: A not-for-profit organization was the recipient of
Q33: Fund raising expenses are reported as
A) Nonoperating
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