A private not-for-profit's expenses are reported by function,program or supporting,in the Statement of Activities or in the notes.

Question

Quizplus · Accepted Answer

Expenses of private not-for-profit organizations are reported by function, program, or supporting services in the Statement of Activities. However, if the expenses cannot be reasonably allocated, they can be disclosed in the notes to the financial statements.

A Private Not-For-Profit's Expenses Are Reported by Function,program or Supporting,in