The primary focus of the statement of activities of a not-for-profit organization is on determining the net increase/decrease in which of the following?
A)Unrestricted net assets.
B)Temporarily restricted net assets.
C)Permanent net assets.
D)Net assets of the entity taken as a whole.

Question

Quizplus · Accepted Answer

The statement of activities for a not-for-profit organization focuses on the change in net assets as a whole, which includes unrestricted, temporarily restricted, and permanently restricted net assets.

The Primary Focus of the Statement of Activities of a Not-For-Profit