Question: Identify the correct statement regarding the notes to financial statements for NFPs. Multiple choice question. The nature and amounts of unrestricted, temporarily restricted and permanently

Identify the correct statement regarding the notes to financial statements for NFPs. Multiple choice question. The nature and amounts of unrestricted, temporarily restricted and permanently restricted net assets must always must be disclosed. Disclosures include principles applicable to for-profit entities unless there is a specific exemption for not-for-profit organizations. A note reporting the detail of reclassifications, investments and promises to give is required

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