The local chapter of a CPA association, a not-for-profit organization, separate their expenses between program functions and support functions. Which of the following denote a proper classification of expenses?

Question

Quizplus · Accepted Answer

Program expenses, such as the continuing education program, include the cost of providing a particular mission. The executive director's salary would be considered a management and general expense of the association.

The Local Chapter of a CPA Association, a Not-For-Profit Organization