11. 12. 3. In a statement of financial position, a nonprofit entity should report amounts for which of the following classes of net assets? I. II. III. IV. (a) (b) (c) (d) (c) (d) POTENTIAL TYPES OF NET ASSET CLASSES FOR STATEMENT OF FINANCIAL POSITIONS FOR NONPROFIT ENTITY Without Donor Restrictions With Donor Restrictions Permanently restricted. Unassigned. I, II, and III only. II, III, and IV only. I and II only. II and III only. The fund types required for health care organizations under the FASB standards include: (a) Without Donor Restrictions and With Donor Restrictions. (b) General, Specific Purpose, Plant Replacement and Expansion, Endowment. General, Special Revenue, Debt Service, Capital Projects. Fund accounting is not required. Net asset classes are used instead. The following expenditures were made by a nongovernmental, nonprofit organization which is a society for the protection of the environment. EXPENDITURES MADE BY NONGOVERNMENTAL, NONPROFIT ORGANIZATION Printing of the annual report Unsolicited merchandise sent to encourage contributions Cost of an audit performed by a CPA firm 4 $ 12,000 25,000 3,000

11. In a statement of financial position, a nonprofit entity should report amounts for which of the following classes of net assets? (a) 1. II, and III only. (b) II, III, and IV only. (c) I and il only. (d) II and III only. 12. The fund types required for health eare organizations under the FASB standards include: (a) Without Donor Restrictions and With Donor Restrictions. (b) General, Specific Purpose, Plant Replacement and Expansion, Endowment. (c) General, Special Reverue, Debt Service, Gapital Projects. (d) Fund accounting is not required. Net asset classes are used insteud. 3. The following expenditures were made by a nongovernmental, nonprofit organization which is a society for the protection of the environment. 11. In a statement of financial position, a nonprofit entity should report amounts for which of the following classes of net assets? (a) 1. II, and III only. (b) II, III, and IV only. (c) I and il only. (d) II and III only. 12. The fund types required for health eare organizations under the FASB standards include: (a) Without Donor Restrictions and With Donor Restrictions. (b) General, Specific Purpose, Plant Replacement and Expansion, Endowment. (c) General, Special Reverue, Debt Service, Gapital Projects. (d) Fund accounting is not required. Net asset classes are used insteud. 3. The following expenditures were made by a nongovernmental, nonprofit organization which is a society for the protection of the environment