The following statements relate to nongovernmental NFPs. Match the followings with each others. a. Reported by functional classification.
b. The activities that result in goods and services being distributed to beneficiaries that fulfill the purposes of the entity.
c. A nongovernmental NFP's external reporting must be based on this guidance.
d. An acceptable method for internal purposes in a nongovernmental NFP. But not required for external reporting.
e. A purpose of external financial reporting by an NFP.
f. Recognized for amounts received in agency transactions.
g. Items ordinarily reported on the statement of activities as net amounts.

1. Expenses
2. Supporting activities
3. US GAAP
4. GASB standards
5. Revenues
6. Fund accounting
7. Assets
8. Helps to assess stewardship
9. Services
10. Liabilities
11. Investment returns

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?