The Statement of Activities Is a Required Disclosure for a Not-For-Profit

question 49

True/False

The Statement of Activities is a required disclosure for a not-for-profit organization.

---

Definitions:

Sartorius

A long narrow muscle of the thigh; the longest muscle of the body.

Duchenne's

Often referring to Duchenne muscular dystrophy, a genetic disorder characterized by progressive muscle degeneration and weakness.

Erb's

Refers to Erb's palsy, a condition caused by nerve damage around a baby's neck, which can lead to weakness or loss of movement in the arm.

Torticollis

A condition also known as "wry neck," where the head becomes twisted to one side due to muscular or skeletal issues.