Which of the Following Is Not True of a Statement

question 114

Multiple Choice

Which of the following is not true of a Statement of Activities prepared for a private not-for-profit organization?

• A) Expenses are shown only as decreases in unrestricted net assets.
• B) Reclassifications for expiration of time restrictions are shown in the revenues and support section.
• C) Unrealized gains losses) on investments are shown only as increases decreases) in unrestricted net assets.
• D) Expenses are classified by function within the categories of Program Services and Supporting Services either in the Statement or the notes.

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Definitions:

Market Entry

The process by which a firm enters into a new market to compete and offer goods or services.

Price Falls

A decrease in the monetary value or market price of goods, services, or assets.

Producer Surplus

the difference between what producers are willing to accept for a good or service versus what they actually receive, due to higher market prices.

Market Entry

The act of beginning to sell goods or services in a new market.