Question: Select from the option list provided the appropriate term for each description below. Each choice may be used once, more than once, or not at

Select from the option list provided the appropriate term for each description below. Each choice may be used once, more than once, or not at all.
DescriptionAnswer1. Generally reported as decreases in net assets without donor restrictions.
2. Reported by functional classification, that is, by major classes of program services and supporting activities.
3. Tax-exempt NFPs that must report a statement of functional expenses.
4. The activities that fulfill the purposes or mission for which the entity exists.
5. Netted against other items in the statement of activities.
6. Includes the receipt of a gift of securities.
7. Includes the receipt of a gift of cash contributions without donor restrictions.
8. NFP's receipt of cash from a donor intended for the use of another NFP.

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