Which of the Following Is Shown on a Statement of Changes

question 32

Multiple Choice

Which of the following is shown on a statement of changes in net assets?

• A) An increase in net assets with donor restrictions.
• B) A gain on the sale of equipment.
• C) A loss from a discontinued operation.
• D) A contribution without donor restrictions.

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Definitions:

Account Form

A presentation format for balance sheets where assets are listed on the left side and liabilities and equity on the right side.

Working Capital Form

A calculation method to determine a company's operational liquidity by subtracting current liabilities from current assets.

Financial Position Form

A statement or report detailing a company's financial standing at a particular point in time, including its assets, liabilities, and equity.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, demonstrating its financial position.