Voluntary health and welfare organizations prepare a Statement of Activities which displays program and supporting services costs.Program expenses for a cancer society would include:

Question

Quizplus · Accepted Answer

Program costs of cancer research are directly related to the organization's mission and programs, and therefore classified as program expenses. Fund-raising costs and brochures for prospective members are classified as supporting services expenses, while the CEO salary is considered an administrative expense.

Voluntary Health and Welfare Organizations Prepare a Statement of Activities