The Activity List Should Include the _____, an Activity Identifier

question 35

Short Answer

 The activity list should include the _____, an activity identifier, and a brief description of the activity.

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Definitions:

Supporting Services Expenses

Expenses incurred for services that assist in the operation of a business, such as human resources, accounting, and IT support.

Not-For-Profit Entity

An organization that operates for purposes other than making a profit, often focused on charitable, educational, cultural, or social objectives.

Donated Funds

Financial or asset contributions given to organizations or individuals without the expectation of direct return or benefit.

Statement of Functional Expenses

A detailed financial report showing how a nonprofit organization's expenses are allocated across its various functions, such as programs, administrative, and fundraising.