Which of the Following Statements Is NOT Required in the Financial

question 37

Multiple Choice

Which of the following statements is NOT required in the financial reports of a not-for-profit entity?

• A)Statement of net position.
• B)Statement of restricted funds.
• C)Statement of activities.
• D)Statement of cash flows.

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Definitions:

The Beatles

A British rock band formed in Liverpool in 1960, widely regarded as one of the most influential bands in the history of popular music.

Legal Segregation

The enforced separation of different racial groups in daily life, mandated by law in certain societies, notably in the United States prior to the Civil Rights Act of 1964.

Civil Rights Movement

A pivotal movement in the United States during the 1950s and 1960s, aimed at ending racial segregation and discrimination against African Americans and securing legal rights for all citizens.

Segregated Public Places

Areas or facilities designated for use by one racial group to the exclusion of others, a practice particularly prevalent in the United States prior to the civil rights movement.