Which of the Following Is Not Correct with Respect to the Reporting

question 91

Multiple Choice

Which of the following is not correct with respect to the reporting of expenses for a private not-for-profit?

• A) Expenses can be reported in the unrestricted net asset class or restricted net asset class, as appropriate.
• B) Expenses are reported by function in the Statement of Activities or in the notes.
• C) The FASB describes functions as either program or supporting.
• D) Major program classifications should be shown in the Statement of Activities or in the notes.

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Definitions:

Type 2 Diabetes

A chronic condition characterized by insulin resistance and elevated blood sugar levels, often associated with obesity and lifestyle factors.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure.

Cardiovascular Health

The overall condition of the heart and blood vessels, including the absence of heart disease and risk factors that could lead to heart problems.

Physical Fitness

Set of attributes relating to the ability to perform physical activity; often viewed as cardiorespiratory fitness; components include flexibility, suitable body composition, muscular strength, and muscular endurance.