A Not-For-Profit Would Include Which of the Following Financial Statements

A not-for-profit would include which of the following financial statements in its basic financial statements?

A) Statement of financial position and statement of activities.
B) Statement of financial position, statement of activities, and statement of cash flows.
C) Statement of financial position, statement of activities, statement of cash flows, and statement of functional expenses.
D) Statement of financial position, statement of activities, and statement of functional expenses.
Use the following information to answer Questions 40 and 41.
In Year 1, the Expert Gardeners Group receives a $60,000 grant to promote its "Grow-Ur-Own" green vegetables program among Desert City residents.In Year 2, the group spends the grant funds for the stipulated purpose.