The Statement of Activities Must Indicate Net Assets Released from Restriction

question 46

True/False

The statement of activities must indicate net assets released from restriction and any transfers between funds.

---

Definitions:

WIIFM

"What's In It For Me?" - A perspective or approach focusing on the benefits or advantages for an individual or audience.

Acronym

A shortened form of a phrase or series of words, in which each letter stands for a distinct word constituting the phrase.

Audience Anticipation

The expectation or suspense that an audience feels in anticipation of something that is to happen, especially in entertainment or presentations.

Property Description

Detailed explanation or depiction of the characteristics, features, and attributes of real estate or physical property.