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.
Correct Answer:
Verified
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