Which of the Following Statements Is Prepared by All Not-For-Profit

question 44

Multiple Choice

Which of the following statements is prepared by all not-for-profit organizations?

• A) Statement of financial position.
• B) Statement of changes in net position.
• C) Statement of revenues, expenses, and changes in net position.
• D) Both Statement of financial position and Statement of changes in net position.

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Definitions:

Different Intelligences

A theory suggesting that intelligence is not a single general ability but consists of a variety of distinct types of cognitive capabilities.

Gardner

Refers to Howard Gardner, an American developmental psychologist best known for his theory of multiple intelligences.

General Ability

A broad measure of an individual's overall intellectual capacity or cognitive competence, often associated with IQ.

Sternberg

A psychologist known for his triarchic theory of intelligence, which posits that successful intelligence consists of analytical, creative, and practical abilities.