Which of the Following Is Not True of a Statement

question 28

Multiple Choice

Which of the following is not true of a Statement of Activities prepared for a 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 or losses on investments are shown only as increases 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 footnotes

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Definitions:

Harold Stevenson

A psychologist known for his cross-cultural research in academic achievement and intelligence, particularly comparing the educational performances of children in the United States, China, and Japan.

Math Performance

The ability and efficiency in solving mathematical problems, reflecting one's proficiency in mathematics.

American Students

Refers to students who are studying or have studied in educational institutions in the United States.

Poor Performance

Refers to outcomes that fail to meet expected or standard levels in any given activity or discipline, often leading to further evaluation or intervention.