2. In Private non-for-profit organization, cause of statement of activity reclassifications are as follow, except for...

 

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2. In Private non-for-profit organization, cause of statement of activity reclassifications are as follow, except for : I. A. Operating activities B. Acquisition of PPE C. Endowment D. Time restriction 3. Choose correct or incorrect statements. O Items that is included in the with donor restriction is reclassified by without donor restriction by achievement of purpose or passage of time. 6 In aforementioned case O, the amount corresponding to changes in net asset(with) : has no effect, changes in net asset(without) : decrease. © If two or more temporary restrictions are imposed on a contribution, the effect of the expiration of those restrictions shall be recognized in the period in which the last remaining restriction has expired. A. Correct statement Incorrect statement Incorrect statement B. Incorrect statement Incorrect statement Incorrect statement C. Incorrect statement Correct statement Correct statement D. Correct statement Incorrect statement Correct statement 2. In Private non-for-profit organization, cause of statement of activity reclassifications are as follow, except for : I. A. Operating activities B. Acquisition of PPE C. Endowment D. Time restriction 3. Choose correct or incorrect statements. O Items that is included in the with donor restriction is reclassified by without donor restriction by achievement of purpose or passage of time. 6 In aforementioned case O, the amount corresponding to changes in net asset(with) : has no effect, changes in net asset(without) : decrease. © If two or more temporary restrictions are imposed on a contribution, the effect of the expiration of those restrictions shall be recognized in the period in which the last remaining restriction has expired. A. Correct statement Incorrect statement Incorrect statement B. Incorrect statement Incorrect statement Incorrect statement C. Incorrect statement Correct statement Correct statement D. Correct statement Incorrect statement Correct statement

Answer rating: 100% (QA)

2 Correct option is B Acquisition of PPE 3 Correct option is C Incorrect statement ... View the full answer