The new standard for private not-for-profit entities, ASU 2016-14, changes the subdivisions of net assets Select one: a.from without donor restrictions and with donor restrictions to temporary and permanent. b.from unrestricted, temporarily restricted, and permanently restricted to without donor restrictions and with donor restrictions. c.from current and noncurrent to restricted and unrestricted. d.from without donor restrictions and with donor restrictions to operating, investing, and financing.
The new standard for private not-for-profit entities, ASU 2016-14, changes the subdivisions of net assets Select one: a.from without donor restrictions and with donor restrictions to temporary and permanent. b.from unrestricted, temporarily restricted, and permanently restricted to without donor restrictions and with donor restrictions. c.from current and noncurrent to restricted and unrestricted. d.from without donor restrictions and with donor restrictions to operating, investing, and financing.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The new standard for private not-for-profit entities, ASU 2016-14, changes the subdivisions of net assets
Select one:
a.from without donor restrictions and with donor restrictions to temporary and permanent.
b.from unrestricted, temporarily restricted, and permanently restricted to without donor restrictions and with donor restrictions.
c.from current and noncurrent to restricted and unrestricted.
d.from without donor restrictions and with donor restrictions to operating, investing, and financing.
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