The Residual Equity Section of Statement of Financial Position for Private

question 69

Multiple Choice

The residual equity section of Statement of Financial Position for private not-for-profits includes which accounts?

• A) Unrestricted, Temporarily Restricted, Permanently Restricted Net Assets.
• B) Net investment in capital assets, Restricted and Unrestricted net assets.
• C) Unreserved Fund Balance, Reserved Fund Balance.
• D) None of the above.

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Definitions:

Asset Base

The aggregate of all the resources owned by a person or organization, which can potentially be used to generate income.

Nonbankable Gaps

Funding or credit needs of a business that cannot be met by traditional bank financing, usually requiring alternative sources of capital.

Entrepreneurial Finance

The study and application of financial resources and tools to start, grow, or sustain entrepreneurial ventures.

Fund-Raising Strategies

Techniques and approaches used to generate financial support for a cause, project, or organization, often involving various forms of solicitation and campaigns.