Question
answer the following true or false: On a Statement of Financial Position, Net Assets can be classified as any of the following: unrestricted, temporarily restricted
answer the following true or false:
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On a Statement of Financial Position, Net Assets can be classified as any of the following: unrestricted, temporarily restricted or NICA.
8. On the Statement of Financial Position, the category Permanently Restricted is the one that will contain all of the NFPs expenses for the year.
9. The indirect method can be used when preparing a Cash Flow statement that follows the rules promulgated by the FASB.
10. The cash flow statement for a NFP has 4 main categories. 11. A governmental NFP does not usually have a cash flow statement.
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