An excess or deficiency of assets over liabilities of an NFP subject to donor restrictions. 2. The financial reporting framework used for external reporting by NFPs. 3. The accounting framework that is permitted but not required for external reporting by an NFP. 4. The element reported instead of equity. 5. A purpose of external financial reporting by an NFP. 6. Uniform law applicable to investment returns on endowments

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1 An excess or deficiency of assets over liabilities of an NFP subject to donor restrictions This refers to Net Assets with Donor Restrictions Nonprof... View the full answer