The FASB Requires Nonprofits to Provide Information About the Availability

The FASB requires nonprofits to provide information about the availability of its financial assets to meet cash needs for general expenditures within one year of the statement of financial position date. What information is required to be presented or disclosed?

A) The unused balances of all lines of credit available to the nonprofit
B) The nonprofit's financial assets available within one year of the financial position date for general expenditure
C) The amount of pledges receivable that the nonprofits expects will be available to pay for general expenditures of the current year
D) The portion of long-term debt that is due to be paid in the current period