Non-profit-accounting

Non-Profit Accounting


March 03, 2011 | Accounting

On a non-profit organization's balance sheet, what is the equivalent of owner's equity?




Quiz Results
Answer Key #1 Public Equity
#2 Private Equity
#3 Public Assets
#4 Net Assets

Correct Answer: # 4


Explanation:
Net assets is the term used for equity in the non-profit sector. Net assets are equal to total assets minus total liabilities — hence the term "net assets."



Quiz Answer History

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Non-Profit Accounting
By Finance Ocean

On a non-profit organization's balance sheet, what is the equivalent of owner's equity?

Pick an answer:

  1. Public Equity
  2. Private Equity
  3. Public Assets
  4. Net Assets


Answer: # 4

Explanation: Net assets is the term used for equity in the non-profit sector. Net assets are equal to total assets minus total liabilities — hence the term "net assets."

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