Not-for-profit organizations are required to present a Statement of Functional Expenses instead of a Statement of Cash Flows, as required of businesses.

Name: Not-for-profit organizations are required to present a Statement of Functional Expenses instead of a Statement of Cash Flows, as required of businesses.
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Not-for-profit organizations are required to present both a Statement of Functional Expenses and a Statement of Cash Flows, not one instead of the other.

Not-For-Profit Organizations Are Required to Present a Statement of Functional