The operating statement for a private NFP organization is called a:

Select one:

A. Statement of changes in net assets

B. Statement of changes in fund balances

C. Statement of revenues and expenses

D. Statement of activities

Additional disclosures required by the 2016 ASU focus on the private NFP organization's

Select one:

A. Assets.

B. Profitability.

C. Liabilities.

D. Liquidity.

Private NFP organizations report their financial results using what basis of accounting?

Select one:

A. full accrual basis

B. fund basis

C. cash basis

D. modified accrual basis