Board Financial Oversight — Final Assessment
❓ Quiz· ~20 min
A 10-question assessment covering financial statements, internal controls, investment policy, Form 990, and fiduciary duties. Passing score: 75%.
Question 1 of 10
A board member notices that unrestricted net assets have declined from $180,000 to $42,000 over three years while total assets have grown. What is the most likely explanation?