Private Not-For-Profit (NFP) Entities

question 81

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.
"Basis of accounting for private NFPs" describes which term listed above?

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Definitions:

Miranda Rights

A legal directive ensuring that individuals under arrest are informed of their rights, including the right to remain silent and the right to an attorney.

Admissible In Court

Pertains to evidence that is allowed to be presented before the court as part of the trial proceedings.

Suspected Crime

An act believed to potentially be criminal based on preliminary evidence or suspicion but not yet legally proven.

Search Warrant

A legal document authorized by a judge or magistrate, allowing law enforcement to conduct a search of a premises for evidence of a crime.