On a Statement of Activities for a not-for-profit entity, what are the broad categories of supporting service costs required to be reported?
A) Fundraising expenses and operating expenses.
B) Program services expenses and administrative services expenses.
C) Fundraising expenses and supporting services expenses.
D) Fundraising expenses and administrative expenses.
E) Operating expenses and administrative expenses.

Question

Quizplus · Accepted Answer

Not-for-profit entities are required to report supporting service costs in the categories of fundraising expenses and administrative expenses.

On a Statement of Activities for a Not-For-Profit Entity, What