Private Not-For-Profit (NFP) Entities

question 56

Short Answer

Private Not-For-Profit (NFP) Entities.
Select from this list of terms to answer the following questions.
A. Fair value
B. Unrestricted net assets
C. GASB
D. FASB
E. Statement of Revenues, Expenditures, and Changes in Fund Balance
F. Lower of cost or market
G. Accrual method
H. Statement of Activities
I. General fund, restricted fund, endowment fund
J. Modified accrual method
K. Permanently restricted net assets
L. Temporarily restricted net assets
M. Endowment fund
N. Unrestricted, temporarily restricted, permanently restricted
O. Depreciation
P. Works of art and other historical treasures
Q. General fund
R. Cost
Indicate your choice by entering the letter corresponding to the correct term. A term may be used more than once or not at all.
"Net asset classifications per FAC 6" describes which term listed above?

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Definitions:

Motive for Success

Refers to the drive or desire within individuals to achieve success and accomplish their goals.

Mastery

The comprehensive knowledge or skill in a subject or accomplishment, demonstrating a high level of expertise.

Performance

The act of carrying out a task or function, often measured against pre-determined standards of accuracy, completeness, cost, and speed.

Motivational Goals

Objectives that drive behavior by inspiring individuals to take action towards achieving them.