-
A nongovernmental not-for-profit entity (NFP) must report information about expenses by
Functional and natural classifications.
-
NFPs must report information about expenses by --------------------- (major classes of program services and supporting activities). An analysis also must be presented that disaggregates ----------------------------------------------- classifications (e.g., salaries, interest, rent, and depreciation).
NFPs must report information about expenses by functional classifications (major classes of program services and supporting activities). An analysis also must be presented that disaggregates functional expense classifications by natural expense classifications (e.g., salaries, interest, rent, and depreciation).
-
NFPs must report information about expenses by functional classifications (major classes of program services and supporting activities). An analysis also must be presented that disaggregates --------------------------------------------------------- classifications (e.g., salaries, interest, rent, and depreciation).
NFPs must report information about expenses by functional classifications (major classes of program services and supporting activities). An analysis also must be presented that disaggregates functional expense classifications by natural expense classifications (e.g., salaries, interest, rent, and depreciation).
-
------------------------ not related to program services must be reported net of external, and direct internal, expenses.
investment returns not related to program services must be reported net of external, and direct internal, expenses.
-
--------------------- must be recognized for a nongovernmental NFP’s (a) unconditional promises to give and (b) amounts received in agency transactions.
Liabilities must be recognized for a nongovernmental NFP’s (a) unconditional promises to give and (b) amounts received in agency transactions.
-
Recognized for amounts received in agency transactions.
Liabilities
-
Items ordinarily reported on the statement of activities as net amounts.
Investment returns
-
Reported by functional classification.
Expenses
-
An NFP also must present an analysis that disaggregates functional expense classifications by ----------------------------------- (e.g., salaries, interest, rent, and depreciation).
An NFP also must present an analysis that disaggregates functional expense classifications by natural expense classifications (e.g., salaries, interest, rent, and depreciation).
-
A nongovernmental not-for-profit entity (NFP) must report information about expenses by
Functional and natural classifications.
-
The ----------------------------------- of an NFP reports information about the uses of resources to provide programs or services.
The statement of activities of an NFP reports information about the uses of resources to provide programs or services.
-
A nongovernmental not-for-profit entity’s statement of activities is similar to which for-profit financial statement?
Income statement.
-
A ---------------------------------- is an operating statement equivalent to a for-profit entity’s income statement.
A statement of activities is an operating statement equivalent to a for-profit entity’s income statement.
|
|
