The Three Classes of Net Assets Reported for a Private

question 7

Multiple Choice

The three classes of net assets reported for a private not-for-profit organization include all of the following except:

• A) Unrestricted net assets.
• B) Temporarily restricted net assets.
• C) Capital restricted net assets.
• D) Permanently restricted net assets.

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Definitions:

Economic Theory

A set of principles and frameworks used to analyze, describe, and predict how an economy functions.

Cause-and-Effect Relationships

Connections between variables where a change in one variable (the cause) directly brings about a change in another variable (the effect).

Guidebook

A book with information or instructions to help users understand or accomplish something, often related to travel or specific subjects.

Language

A system of communication used by a particular community or country, consisting of written, spoken, or signed words and the rules for combining them.