A Not-For-Profit Organization Incurred $10,000 in Management and General Expenses

question 74

Multiple Choice

A not-for-profit organization incurred $10,000 in management and general expenses in the current fiscal year. In the organization's statement of activities prepared in conformity with FASB standards, the $10,000 would be reported as:

• A) A deduction from program revenue.
• B) Fund-raising expense.
• C) Program services expenses.
• D) Supporting services expenses.

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Definitions:

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