The FASB Codification Requires the Following Financial Statements for All

question 67

Multiple Choice

The FASB Codification requires the following financial statements for all not-for-profit organizations:

• A) Statement of financial position, statement of activities, and statement of cash flows.
• B) Statement of financial position, statement of operations, and statement of cash flows.
• C) Statement of financial position, statement of activities, and statement of net assets.
• D) Statement of financial position, statement of revenues and expenses, and statement of cash flows.