Prior to ASU 2016-14, What Are the Three Categories of Net

question 13

Multiple Choice

Prior to ASU 2016-14, what are the three categories of net assets required by GAAP in reporting of a not-for-profit entity?

• A) Unrestricted, Temporarily Restricted, and Permanently Restricted.
• B) Unrestricted, Restricted, and Fund Balance.
• C) Restricted, Permanently Restricted, and Fund Balance.
• D) Unrestricted, Temporarily Restricted, and Fund Balance.
• E) None of these answer choices are correct.

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Definitions:

Social Perception

The study of how people form impressions of and make inferences about other people and groups in their social environment.

Supports Viewpoints

The act of providing evidence or arguments to back up specific opinions or perspectives.

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A labor activity in which individuals place themselves outside an employer’s place of business for the purpose of informing passersby of the facts of a labor dispute.

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governs the rights and obligations between workers and employers, dealing with issues such as workplace safety, wages, and labor unions.