Expense amounts by natural classification can be determined from the statement of functional expenses,as can the expense amounts for program services and supporting services categories.

Question

Quizplus · Accepted Answer

The statement of functional expenses categorizes expenses by natural classification (such as salaries, rent, supplies) and by program services and supporting services. Therefore, expense amounts can be determined for all three categories using this statement.

Expense Amounts by Natural Classification Can Be Determined from the Statement