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:

T-statistic

A statistic calculated from sample data used to assess the plausibility of the null hypothesis in t-tests.

Standard Error

The typical deviation found in the distribution of sample statistics, often referring to the mean.

T-statistic

A type of statistic used in hypothesis testing, determined by the difference between the sample mean and the population mean divided by the standard error.

Degrees Of Freedom

The number of values in a final calculation of a statistic that are free to vary.