Nongovernment, Not-For-Profit Organizations Use the Following Classifications to Report Expenses
Nongovernment, not-for-profit organizations use the following classifications to report expenses in the statement of activities
A) Changes in net assets without donor restrictions and changes in net assets with donor restrictions.
B) Operating and nonoperating.
C) Management and general and supporting services.
D) Mission critical, non-mission-critical, and discretionary.
Correct Answer:
Verified
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Q33: Fund raising expenses are reported as
A) Nonoperating
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Q38: Nongovernment not-for-profit organizations recognize revenues when
A) Pledges
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