Net assets is an element of the financial statements of nongovernmental not-for-profit entities. It is_____________.
1) The residual in the assets of an NFP after subtracting
2) The change in equity during a period from transactions and other events and circumstances not involving resource providers
3) Different from equity in businesses because it is not a residual interest
4) Consists of the probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events