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:

Numerator

The top number in a fraction, representing the number of equal parts being considered, as opposed to the denominator which indicates the total number of parts.

External Validity

The extent to which the results of a study can be generalized or applied to contexts outside the study conditions.

Telephone Surveys

A research method in which data is collected from respondents over the telephone to gather information on various topics.

Observational Study

A study where researchers observe and record behavior or outcomes without intervention to understand relationships between variables.