The FASB Standards Require Not-For-Profit Entities to Report Net Assets

question 46

True/False

The FASB standards require not-for-profit entities to report net assets in three categories: unrestricted, restricted, and net investment in capital assets.

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Definitions:

Moral Rules

Principles or standards of behavior that guide actions based on notions of right and wrong.

Display Rules

Cultural norms that dictate the appropriate expressions of emotions in various situations.

Relational Aggression

Aggression intended to harm someone’s friendships or exclude an individual from the group.

Aggressive Behavior

This refers to conduct aimed at inflicting physical or emotional damage to another person, or intimidation to achieve one's ends.