A donor gave 500000 to a private not for profit organization to be held in

A donor gave 500000 to a private not for profit

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A donor gave $ 500,000 to a private not-for-profit organization to be held in endowment. In addition, the governing board permanently designated $ 1,000,000 to the endowment. In the Statement of Financial Position, how should these amounts be classified? The FASB has the authority to set accounting standards for all of the following organizations except: Which of the following would notbe an example of a voluntary health and welfare organization? Under which of the following conditions is it appropriate for a private not-for-profit to allocate the cost of mass mailings from fund raising to a program related activity, such as Public Education? Which of the following is nota characteristic that distinguishes a private not-for-profit organization from a business? Which of the following is notan example of a voluntary health and welfare organization? Reclassifications from permanently restricted net assets to temporarily restricted net assets would occur only under which of the following circumstances? Contributed service to private not-for-profit’s is recognized as revenue/support if: FASB statement 116 requires contributions to be recorded as revenue when Which of the following statements is false with respect to private not-for-profit organizations? An The primary users of the financial statements of private not-for-profit organizations are: Private not-for-profit entities are usually primarily concerned with which of the following performance measures? Supporting activities as classified in the Statement of Activities, normally include

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