On the Financial Statements of a Not-For-Profit Organization, the Term

question 54

Multiple Choice

On the financial statements of a not-for-profit organization, the term that refers to the accumulated excess of revenues over expenses is:

• A)​Retained surplus.
• B)​Fund balance.
• C)​Net assets.
• D)​Net equity.

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Definitions:

Satisfaction

The feeling of fulfillment or pleasure derived from achieving personal goals or the meeting of one's needs and desires.

Motivation Problems

Issues or barriers that hinder an individual's drive or willingness to pursue goals or engage in activities.

Leadership

The action of leading a group or organization towards achieving its goals.

Human Needs

Fundamental requirements necessary for individuals to live healthy and well-being lives, including physical, social, and psychological aspects.