An NPO incurred $10,000 in management and general expenses in the current fiscal year.In the organization's statement of activities prepared in conformity with FASB standards,the $10,000 would be reported as

Question

Quizplus · Accepted Answer

Management and general expenses are considered supporting services expenses as they do not directly relate to program services.

An NPO Incurred $10,000 in Management and General Expenses in the Current