On a Statement of Activities for a Not-For-Profit Entity, What

question 54

Multiple Choice

On a Statement of Activities for a not-for-profit entity, what is the minimum required classification for categories of expenses?

• A) Fund-raising expenses and operating expenses.
• B) Program services expenses and administrative services expenses.
• C) Program services expenses and supporting services expenses.
• D) Operating expenses and supporting services expenses.
• E) Operating expenses and administrative expenses.

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Definitions:

Proper Medium

The most appropriate channel or form of communication for delivering a message, considering the audience, context, and content.

Emoticon

A textual representation of a facial expression using characters, such as punctuation marks, numbers, and letters, to convey emotions.

Professional Setting

A work environment or situation that involves formal conduct and interactions, typically related to a job or career.

Formal Communication

The exchange of information in an official, structured, and professional manner.