Which of the Following Are the Net Asset Classes Required

question 141

Multiple Choice

Which of the following are the net asset classes required by the FASB for private not-for-profit organizations?

• A) Assigned, Committed, and Unrestricted.
• B) Net investment in capital assets, Restricted, and Unrestricted.
• C) Partially Restricted, Temporarily Restricted, Unrestricted.
• D) None of the above.

---

Definitions:

Cross-Sectional Research

A study design that analyzes data collected from a population, or a representative subset, at one specific point in time.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development, which describes how children construct a mental model of the world.

Developmental Psychologists

Developmental psychologists study the psychological growth and changes that occur throughout a human life span, including emotional, cognitive, and social development.

Stages

Distinct phases in a process of development or change in which specific characteristics are exhibited or challenges faced.