In the net assets section of a private NFP organizations statement of financial position, Board-designated endowment assets are reported in which category?

Select one:

a. net assets without donor restrictions

b. net assets with permanent restrictions

c. net assets with endowment restrictions

d. net assets with donor restrictions

In its annual report, private NFP organizations report expenses

Select one:

a. in either natural or functional classifications.

b. in functional classifications.

c. in natural and functional classifications.

d. in natural classifications.