The FASB requires not-for-profits to report net assets and resource inflows and

Question

The FASB requires not-for-profits to report net assets and resource inflows and outflows in which categories? Question 14 options: 1) Current and noncurrent. 2) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor restrictions. 3) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor and creditor restrictions. 4) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of creditor, donor, and supplier restrictions. The FASB requires not-for-profits to report net assets and resource inflows and outflows in which categories? The FASB requires not-for-profits to report net assets and resource inflows and outflows in which categories? 1) Current and noncurrent. 2) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor restrictions. 3) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor and creditor restrictions. 4) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of creditor, donor, and supplier restrictions. 1) Current and noncurrent. 2) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor restrictions. 3) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor and creditor restrictions. 4) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of creditor, donor, and supplier restrictions. 1) Current and noncurrent. 2) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor restrictions. 3) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of donor and creditor restrictions. 4) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of creditor, donor, and supplier restrictions.

Explanation / Answer

4) Unrestricted, temporarily restricted, or permanently restricted depending on the existence and nature of creditor, donor, and supplier restrictions.

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