Description 7 The Artist And Is The Following Statements Relate To Nongovernmental Nfps Select From The Option List Pr 1 (24.19 KiB) Viewed 57 times
the pictute below were my answers but incorrect.
Description 7 The Artist And Is The Following Statements Relate To Nongovernmental Nfps Select From The Option List Pr 2 (50.66 KiB) Viewed 57 times
Description 7. The artist and is The following statements relate to nongovernmental NFPs. Select from the option list provided the most appropriate description of each statement. Each choice may be used once, more than once, or not at all. Select an option below 1.Basorted by functional action Expenses Select an option below benedicted services that they Supporting activities O Public accountability and merperiod equtly Assets O US GAAP 4. And finns Bet required for Helps to assess stewardship GASB standards S.Acting yan Program services Revenues O Fund accounting Avgovernmental stem donne reporting NIP Reged for winy www 7.mypored the Liabilities Investment returns
1. Reported by functional classification. Expenses 2. The activities that result in goods and services being distributed to beneficiaries that fulfill the Supporting Activities purposes of the entity. 3.A nongovernmental NFP's external reporting GASB Standards must be based on this guidance 4. An acceptable method for internal purposes in a nongovernmental NFP. But not required for U.S GAAP external reporting. 5. A purpose of external financial reporting by an Fund Accounting NEP 6. Recognized for amounts received in agency Revenues transactions 7. Items ordinarily reported on the statement of E Revenues activities as net amounts.
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