In a private not for profit, what would the entry to record the expiration of program restrictions include from the following? :
a. credit performance expense
b. credit reclassification from temporarily restricted net assets
c. debit reclassification to unrestricted net assets
d. debit reclassification from temporarily restricted net assets

 The correct answer is :  D. Debit Reclassification from Temporarily Restricted Net Assets

Explanation:  Private nonprofit organizations must follow all FASB standards that apply when registering transactions. The financial statements requested for all non-profit non-governmental organizations are, financial statements, statement of activities and cash flow statements.

c. means the supplier will ship directly to the end consumer, rather than to the seller.

Explanation:

Drop shipping is a business strategy that involves the entrepreneur have the supplier deliver goods directly to the customers. It's a popular approach, especially with new entrepreneurs. The business person does not need to keep any inventory on his premises.

A drop shipping business is easy to start because it does not require a lot of capital.  The majority of business people engaging in drop shipping are online-based. They do not take ownership of inventory.  The entrepreneur needs good selling skills and excellent customer relations. Once he convinces the customer to buy, the businessman makes arrangements for the supplier or manufacturer to deliver the merchandise to the customer.