The Disclosure,"net Assets Released from Restrictions," Is Reported on Which

question 62

Multiple Choice

The disclosure,"net assets released from restrictions," is reported on which of the following financial statements for a voluntary health and welfare organization?
I.The statement of cash flows.
II.The statement of activities.

• A)I only
• B)II only
• C)Both I and II
• D)Neither I nor II

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Definitions:

Document

A written, drawn, presented, or memorialized representation of thought, often in physical or digital form.

Different First Page

A document setting that allows the first page of a section or document, like a title page, to have a distinct header or footer from the rest of the pages.

Unique First Page Footer

A feature in word processing programs that allows the footer on the first page of a document to be different from the footers on subsequent pages.

Document

A written, printed, or electronic matter that provides information or evidence or that serves as an official record.