Net Assets Must Be Presented Separately in the Statement of Activities

question 159

True/False

Net Assets must be presented separately in the Statement of Activities for the three classes unrestricted, restricted, and net investment in capital assets).

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Definitions:

United States v. Windsor

A landmark 2013 Supreme Court case that struck down Section 3 of the Defense of Marriage Act (DOMA), granting same-sex marriages federal recognition.

Immigration

The process of settling down permanently in a country other than one's own.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people, delivered by health professionals and allied health fields.

Executive Orders

Orders given by the President of the United States which regulate the functioning of the federal government and carry legal power.