30.03.2023 - 10:18

Balance Sheet for a non-profit contains all of the following except: a. Organization’s assets b. Organization’s liabilities c. Stockholders’ equity d. Cash flow

Question:

Balance Sheet for a non-profit contains all of the following except:

a. Organization’s assets

b. Organization’s liabilities

c. Stockholders’ equity

d. Cash flow

Answers (1)
  • FFeya
    April 11, 2023 в 07:48

    The correct answer is d. Cash flow.

    A balance sheet is a financial statement that shows an organization's financial position at a specific point in time by presenting its assets, liabilities, and equity. For a non-profit organization, the equity section is referred to as "net assets" instead of "stockholders' equity." Therefore, option c. is incorrect.

    Option d. is also incorrect because cash flow is not a component of the balance sheet. Rather, cash flow is reported in the statement of cash flows, which is a separate financial statement that shows an organization's inflows and outflows of cash over a specific period of time.

    In summary, a non-profit organization's balance sheet includes its assets, liabilities, and net assets, but not its cash flow.

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