Which of the Following Are Not Required Disclosures in a Form

question 170

Multiple Choice

Which of the following are not required disclosures in a Form 990?

• A) A Statement of Functional Expense.
• B) A discussion of program effectiveness.
• C) A Statement of Revenues, Expenses and Changes in Net Assets.
• D) None of the above. They are all required disclosures.

---

Definitions:

Corporate Directors

Individuals elected by the shareholders of a corporation to oversee and make decisions about the corporation's management and governance.

Unanimous Vote

A vote in which all members of a given group or assembly agree on a single decision or outcome.

Majority Vote

A voting outcome where more than half of the votes cast decide an issue or election.

Common Stock

Corporate stock that does not convey any preferences to its holders.