A large private not-for-profit entity’s statement of activities should report the net change for net assets that are: choose the correct. Unrestricted Permanently restricted a) yes yes b) yes no c) no no d) no yes

A large private not-for-profit entity’s statement of activities should report the net change for net assets that are: choose the correct. Unrestricted Permanently restricted a) yes yes b) yes no c) no no d) no yes

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 1MC: A donated fixed asset (from a governmental unit) for which the fair value has been determined should...

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Question

A large private not-for-profit entity’s statement of activities should report the net change for net assets that are: choose the correct.

	Unrestricted	Permanently restricted
a)	yes	yes
b)	yes	no
c)	no	no
d)	no	yes

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