1.) Answer the four-part question below:

A.) Which fund type generally include statement of cash flows in its individual fund financial statements?

1. Internal service fund
2. Special revenue fund
3. Capital project fund
4. Custodial fund
5. General fund
6. Permanent fund
7. Investment trust fund

B.) The primary purpose of a nongovernmental not-for-profit organizations statement of activities is to provide relevant information to its

1. Managers
2. Resource providers
3. Taxpayers
4. State regulatory body
5. Beneficiaries

C.) The Net assets released from restrictions of a nongovernmental voluntary health and welfare organization would be reported on:

a.) Statement of activities

b.) Fund balance sheet

c.) Statement of cash flows

d.) Statement of functional expenses

e.) Statement of financial position

D.) What is the main goal and focus of the statement of activities for an NGO (or a nongovernmental not-for-profit organization)?

a.) To provide a cost-benefit analysis of the use of the entitys resources

b.) To demonstrate the ability of the entity to meet donor-imposed restrictions on resources

c.) To demonstrate the entitys ability to raise funds from donors

d.) To demonstrate how the entitys resources are used in providing various programs and services

e.) To provide relevant information about the cash receipts and cash payments of the entity during a period