Which of the Following Is Not True of a Statement

question 114

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 losses) on investments are shown only as increases decreases) 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.

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Definitions:

Agnosia

A neurological disorder characterized by the inability to recognize and process sensory information, typically despite normal sensory function.

Aphasia

A neurological condition characterized by the impairment of language abilities, affecting speaking, understanding, reading, and writing, often due to brain damage.

Occipital Cortex

The region of the cerebral cortex at the back of the brain, primarily involved in processing visual information.

Sensation Area

The sensation area refers to regions within the brain responsible for processing sensory input from the environment, such as areas in the cortex dedicated to vision, hearing, touch, taste, and smell.