Which of the Following Is True for a Nongovernment, Not-For-Profit

question 27

Multiple Choice

Which of the following is true for a nongovernment, not-for-profit organization?

• A) Revenues and expenses may be reported in changes in unrestricted net assets.
• B) Revenues and expenses may be reported in changes in temporarily restricted net assets.
• C) Revenues and net assets released from restrictions may be reported in changes in permanently restricted net assets.
• D) Expenses may be reported in changes in unrestricted net assets, changes in temporarily restricted net assets, and changes in permanently restricted net assets.

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Definitions:

Cross-Pollination

The sharing or transfer of knowledge, ideas, and practices across different sectors, industries, or departments, leading to innovation and improvement.

Job Security

The probability or likelihood that an individual will retain their job without the risk of becoming unemployed.

Risk Losing

The potential or likelihood of experiencing a loss, failure, or negative outcome as a result of taking an action or making a decision.

Need for Social

The need for social refers to the human necessity for companionship, belonging, and acceptance within a group or community.