The Statements Required to Be Filed on Form 990 Include

question 69

Multiple Choice

The statements required to be filed on Form 990 include which of the following?

• A) Statement of Revenues, Statement of Functional Expenses and Balance Sheet
• B) Income Statement, Balance Sheet and Statement of Cash Flows
• C) Statement of Revenues, Statement of Operational Expenses and Balance Sheet
• D) Statement of Revenues, Expenses and Fund Balance and Statement of Net Assets

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Definitions:

Water Table

The upper level of an underground surface in which the soil or rocks are permanently saturated with water, marking the boundary between groundwater and surface water.

Elevations

Refers to the heights of landforms relative to sea level or ground level.

Contour Lines

Lines on a map that represent areas of equal elevation, indicating the shape and steepness of the terrain.

Groundwater Flow

The movement of water through the subsurface, traversing porous soil or rock layers, primarily driven by gravity and pressure differences.