Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

MSB AC 330 XM2

MSB GovNFP Unit 11

QuestionAnswer
FASB Statement No. 117 requires at a minimum what three statements a)Statement of Financial Positionb) Statement of Activitiesc)Statement of Cash flows, that present financial information for the entity as a whole
What reasons are reclasifications of temporarily restricted support? 1)Satisfaction of program or pupose restrictions, 2)Satisfaction of equipment acquisition restrictions, sometimes measures by depreciation expense, 3) atisfaction of time restrictions, either actual donor or implied restrictions.
Functional expenses are those that relate to either the program or mission of the organization are referred to as_____________ and _______________. Program expenses, Support expenses
If the indirect method for reporting cash flows, what must be included? A reconciliation showing the change in total net assets from the statement of activities to net cash used for operating activities must be presentrd at the bottom of the statement.
An unconditional transfer of cash or other asset to the Non Profit Organization. Is a contribution.
When is a conditional promise to give recognized? A conditional promise to give is recognized when the conditions on which it depends have been substantially met.
What is the residual difference between total assets and total liabilities in a fund. The fund Balance.
Who do the assets of a custodian fund belong to? Assets of a custodian fund belong to the donors and are not assets of the organization.
Required by SFAS No. 93? Depreciation of Capital Assets
If the donor does not stipulate how the asset should be used, How is the gift classified? As unrestricted.
Created by: rhob
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards