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can i get the answers of all the questions? 5. In the statement of activities, FASB Statement No. 117 requires revenues to be reported as

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5. In the statement of activities, FASB Statement No. 117 requires revenues to be reported as increases in one of the three categories of net assets, depending on donor- imposed restrictions; however, all expenses should be reported as decreases in unrestricted net assets. 6. Contributed services by Not-for-Profits Board members can never be recorded as contributions, 7. The Single Audit Act of 1984 was passed to eliminate the costly practice of requiring separate audits for each federal program in which an organization participated. 8. Per the Better Business Bureau, non-program expenses for NFPs (administrative and fund raising expenses) should be less than 1 5% of all expenses. 9. The default presentation method for displaying component units is the discrete method. 10. Non-major funds are never shown in the financial section of the CAF 11. FASB and GASB recommend that entities capitalize their art collections and most entities do not. 12. All type A programs of a local government are required to be audited under the Single Audit Act. 5. In the statement of activities, FASB Statement No. 117 requires revenues to be reported as increases in one of the three categories of net assets, depending on donor- imposed restrictions; however, all expenses should be reported as decreases in unrestricted net assets. 6. Contributed services by Not-for-Profits Board members can never be recorded as contributions, 7. The Single Audit Act of 1984 was passed to eliminate the costly practice of requiring separate audits for each federal program in which an organization participated. 8. Per the Better Business Bureau, non-program expenses for NFPs (administrative and fund raising expenses) should be less than 1 5% of all expenses. 9. The default presentation method for displaying component units is the discrete method. 10. Non-major funds are never shown in the financial section of the CAF 11. FASB and GASB recommend that entities capitalize their art collections and most entities do not. 12. All type A programs of a local government are required to be audited under the Single Audit Act

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