Using the data provided below,determine whether the income statement will be formatted by "function of expense" or by "nature of expense." Briefly explain your response.
Definitions:
Dependent
Relying on someone or something else for support, sustenance, or aid. In a research context, it refers to the variable being tested and measured.
Developmentally Disabled
Refers to individuals who experience significant limitations in intellectual functioning and adaptive behavior, which manifest before the age of 18.
Diagnosable Mental Disorder
A condition with psychological or behavioral patterns that impact multiple areas of life and meet specific criteria defined by the DSM-5.
Chemical
A substance with a distinct molecular composition that is produced by or used in a chemical process.
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