True/False Question

17. Cash received with donor-imposed restriction limiting its use to long term purposes (such as construction of a new building) is displayed as a investing activity on the statement of cash flows of a not-for-profit organization.

18. Guidance included in FASB ASC 958, Financial Statements of Not-for-Profit Organizations, focuses on: Basic information for the organization as a whole.

19. Supporting activity is classified to without category as soon as expense occur. Therefore, supporting activity is included in 'without' category immediately, in full amount.

20. Donor's interest is the appropriate characterization of the net assets of a non governmental not-for profit organization.