Question

A large nongovernmental not-for-profit entity's statement of activities must report the net change for net assets that are

Without Donor
With Donor
Restrictions
Restrictions

A. Yes Yes
B. Yes No
C. No No
D. No Yes

Answer 1

Yes Yes

Step-by-step explanation:

Answer 2

A. Yes Yes

Step-by-step explanation:

They must report both: Net Assets with and without Donor Restriction .

According to the Accounting Standards Update (ASC) Not-for-Profit Entities, requires all not-for-profit entities to present: A statement of financial positon, activities and cash flows.

Also for the Statement of Financial Position they should report totals for assets, liabilities, net assets, net assets with donor restrictions and without donor restrictions.