Which of the Following Statements Is NOT Required in the Financial

question 52

Multiple Choice

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

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

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Definitions:

Immigrants Arrival

The act or process by which people from other countries come to a country to live permanently, contributing to the cultural, economic, and demographic dynamics of the receiving nation.

Southern Europe

A region of Europe covering the southern part of the continent, including countries like Spain, Italy, Greece, and Portugal, known for its Mediterranean climate.

Eastern Europe

A region that encompasses many countries to the east of Germany and west of the Ural Mountains, often including nations such as Poland, Hungary, and the Czech Republic.

Yellow Press

Sensationalism in newspaper publishing that reached a peak in the circulation war between Joseph Pulitzer’s New York World and William Randolph Hearst’s New York Journal in the 1890s; the papers’ accounts of events in Havana Harbor in 1898 led directly to the Spanish-American War.