A Not-For-Profit Entity's Statement of Net Assets Will NOT Report

question 29

Multiple Choice

A not-for-profit entity's statement of net assets will NOT report which of the following?

• A)Net assets invested in capital assets, net of related debt.
• B)Capital assets.
• C)Temporarily restricted net assets.
• D)Permanently restricted net assets.

---

Definitions:

Property Rights

Denotes the legal rights to use, control, and derive benefits from resources or properties, including real estate, intellectual properties, and personal possessions.

Resource Conservation

The practice of managing and using natural resources efficiently to protect them for future generations.

Environmental Quality

The state of environmental conditions with respect to their impact on the health and well-being of humans and ecosystems.

Global Warming

The long-term rise in Earth's average temperature, primarily due to human activities, such as burning fossil fuels.