Question

Which of the following is true for a nongovernment, not-for-profit organization? Which of the following is...

Which of the following is true for a nongovernment, not-for-profit organization?

Which of the following is true for a nongovernment, not-for-profit organization?

A. Revenues and expenses may be reported in changes in net assets without donor restrictions.

B. Revenues and expenses may be reported in changes in net assets with donor restrictions.

C. Expenses and net assets released from restrictions may be reported in changes in net assets with donor restrictions.

D. Expenses may be reported in changes in net assets without donor restrictions or in changes in net assets with donor restrictions.
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Answer #1

Answer option D.) Net assets without donor restrictions and net assets with donor restrictions

The net assets section will consist of the following parts: net assets without donor restrictions and net assets with donor restrictions. The amounts reported in each of these parts are obviously based on the donor's stipulations

Since, in a non governmental not-for-profit organization statement of activities reports , Changes in unrestricted, temporarily restricted, and permanently restricted net assets are reported which implies that Both changes in assets without & with restrictions of donors are reported.

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