Which of the Following Is Not a Required External Financial

question 31

Multiple Choice

Which of the following is not a required external financial statement for a not-for-profit organization?

• A)Statement of Financial Position
• B)Statement of Cash Flows
• C)Statement of Activities
• D)Income Statement

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Definitions:

Cognitively Accurate

Referring to thoughts or perceptions that correctly represent reality.

Empathic

The characteristic of being able to understand and share the feelings of another person.

Egocentric

Characterized by or thinking only of oneself, without regard for the feelings or desires of others; self-centered.

Instrumental

Serving as a means or aid in something, especially in a musical context or scientific research.