"Net Assets Released from Restriction" for a Not-For-Profit Organization Is

question 63

Multiple Choice

"Net assets released from restriction" for a not-for-profit organization is comparable to which of the following for a government?

• A) Other financing sources (uses)-Nonreciprocal transfer
• B) Expenditures
• C) Expenses
• D) Unassigned fund balance

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Definitions:

House of Commons

The lower house of the Parliament of the United Kingdom, consisting of Members of Parliament (MPs) who represent constituencies and are directly elected.

Taxes

A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

French King

A monarch who ruled over France, a title held by several historical figures in France's monarchy until the French Revolution.

English Liberties

Historical rights and freedoms that originated in English law and influenced American legal traditions.