Question

If an NPO has average revenues of $200,000 yearly, what are the options with regard to recording capital assets in the financial statements?

Answer 1

In the financial statements of a nonprofit organization (NPO) with average revenues of $200,000 yearly, capital assets can be recorded in different ways depending on their nature and usage.

Step-by-step explanation:

In the financial statements of a nonprofit organization (NPO) with average revenues of $200,000 yearly, capital assets can be recorded in different ways depending on their nature and usage. Here are some options:

1. Physical Assets: Tangible properties like buildings, land, and equipment can be recorded as fixed assets on the balance sheet.
2. Intangible Assets: Non-physical assets like copyrights, patents, and trademarks can be recorded as intangible assets on the balance sheet.
3. Investments: If the NPO invests in stocks, bonds, or other securities, these can be recorded as investment assets on the balance sheet.

Learn more about Recording capital assets in financial statements for an NPO