(3.) What are the three types of restricted net assets? a. Current, noncurrent, structural b. Purpose, time, permanent c. Immediate, longer than one year, longer than five years d. Monetary, nonmonetary, leveraged Why is a private not-for-profit entity more likely to use the direct method of reporting operating activity cash flows than a for-profit business would be? a. The direct method is the traditional approach for private not-for-profit entities. b. An indirect method reconciliation does not have to be included as it does with for-profit entities. c. The indirect method does not conform as easily with a private not-for-profit entity and its operations. d. The direct method is likely to show a more positive amount of operating activity cash inflows