$1)$ Which of the following characteristics of not$-$for$-$profit organizations $($NFPs$)$ can be used to distinguish a nongovernmental from a governmental NFP$?$

A$)$ Contributions by resource providers who do not expect a return on investment.

B$)$ Ability to impose taxes on citizens.

C$)$ Absence of ownership interests.

D$)$ All of the given characteristics are generally different for nongovernmental versus governmental NFPs$.$

$2)$ The FASB Codification requires the following financial statements for all not$-$for$-$profit organizations:

A$)$ Statement of financial position, statement of activities, and statement of cash flows.

B$)$ Statement of financial position, statement of operations, and statement of cash flows.

C$)$ Statement of financial position, statement of activities, and statement of net assets.

D$)$ Statement of financial position, statement of revenues and expenses, and statement of cash flows.

$3)$ Subsequent to the date of purchase, the FASB requires that NFP organizations report investments in equity securities with a readily determinable market value at which of the following:

A$)$ Lower of cost or market.

B$)$ Amortized cost.

C$)$ Fair value.

D$)$ Cost.

$4)$ The FASB states that depreciation expense in a not$-$for$-$profit organization should be:

A$)$ Assigned to or allocated to the functions to which it relates.

B$)$ Reported under the management and general function.

C$)$ Disclosed in the notes to the financial statements.

D$)$ Allocated to program but not support functions.