1.How does a private NFP organization value its investments in debt and equity securities on its statement of financial position?

A. Original cost for debt securities and market value at year-end for equity securities

B. Original cost for equity securities and market value at year-end for debt securities

C. Original cost

D. Market value at year-end

2.On the operating statement of a private NFP organization, expenses reduce

A. Net assets without donor restrictions only.

B. Net assets with donor restrictions only.

C. Total net assets, without specifying a category.

D. Net assets with donor restrictions if the resources used were donor-restricted for that use and net assets without donor restrictions if the resources used were not donor-restricted.

3.The intermediate performance indicator reported on the statement of activities for health care organizations, as specified byASC Topic 954, excludes

A. Unrealized gains and losses on non-trading debt securities.

B. Depreciation expense on buildings and equipment.

C. Interest expense on long-term debt.

D. Bad debt expense related to receivables on services provided.

4.If a private NFP organization uses the direct method to report the operating section of its statement of cash flows,

A. A reconciliation of the change in net assets to cash from operating activities is required.

B. A reconciliation of the change in net assets without donor restrictions to cash from operating activities is required.

C. A reconciliation of the change in net assets to cash from operating activities, in any format, is not required.

D. A reconciliation of the change in net assets with donor restrictions to cash from operating activities is required.

5.Additional disclosures required by the 2016ASUfocus on the private NFP organization's

A. Profitability.

B. Liabilities.

C. Liquidity.

D. Assets.