The FASB Requires the Balance Sheets of Not-For-Profits to Display

question 31

Multiple Choice

The FASB requires the balance sheets of not-for-profits to display

• A) Net assets in two separate categories-donor-imposed restrictions and unrestricted.
• B) Four separate funds-unrestricted, partially restricted, temporarily restricted, and permanently restricted net assets.
• C) Six totals-total assets, total liabilities, total net assets, total unrestricted net assets, total temporarily restricted net assets, and total permanently restricted net assets.
• D) Unrestricted and restricted retained earnings.

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Definitions:

Sample Sizes

The number of observations or items selected from a population to constitute a sample.

Confidence Interval

A confidence interval is a range of values, derived from the sample data, that is believed to contain the true population parameter with a certain level of confidence.

Sample Sizes

The number of observations or data points from the population used to make estimations about the population.

Critical Value Z

A threshold value on the standard normal distribution used in hypothesis testing to decide whether to reject the null hypothesis.