Which of the Following Is Shown on a Statement of Changes

question 29

Multiple Choice

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

• A) An increase in temporarily restricted net assets.
• B) A gain on the sale of equipment.
• C) A loss from a discontinued operation.
• D) An unrestricted contribution.

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Definitions:

Pension Funds

Investment pools that collect and manage funds contributed by employers and employees for retirement benefits.

Arthur Andersen

A former international accounting firm known for its involvement in the Enron scandal, which led to its downfall and loss of reputation in the accounting industry.

HealthSouth

An American healthcare company known for its operations in facilities offering surgical, diagnostic, rehabilitation, and other healthcare services.

Enron

A former American energy company that collapsed following a massive accounting fraud scandal, leading to significant legal and financial repercussions in the early 2000s.