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) Unrestricted, temporarily restricted, and permanently restricted.
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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Q31: A nongovernment not-for-profit organization statement of activities
Q33: Fund raising expenses are reported as
A) Nonoperating
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A) Pledges
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