Which of the Following Is Not True of a Statement

question 77

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 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 notes.

---

Definitions:

State Lottery

A form of gambling operated by a state government, where players can purchase tickets to win large cash prizes based on random draws.

Rorschach Inkblots

A projective psychological test consisting of inkblots displayed to a subject, who describes what they see, revealing their unconscious thoughts.

Self-Esteem

The subjective evaluation of one's own worth as a person.

Schizophrenia

A critical mental illness characterized by substantial deviations in reasoning, interpreting stimuli, affective states, verbal expression, personal identity, and behavior.