A private not-for-profit reports expenses in either the unrestricted net asset class or restricted net asset class, depending which program the expense was supporting.
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Q18: A Statement of Functional Expenses is required
Q19: Contributions of assets other than cash to
Q20: Accounting practices of private sector not-for-profit organizations
Q21: Donated services should be considered revenue if
Q22: Expenditures, encumbrances, and budgetary accounts are used
Q24: If fixed assets are recorded as temporarily
Q25: All contributed services are recognized as revenue.
Q26: The FASB requires private not-for-profit organizations to
Q27: Cash flows must be presented separately in
Q28: A private not-for-profit's expenses are reported by,
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