Which of the following financial statements is not required when reporting for a voluntary health and welfare organization?

Question

Quizplus · Accepted Answer

Voluntary health and welfare organizations are required to prepare a Statement of Financial Position, Statement of Functional Expenses, and Statement of Cash Flows. However, they prepare a Statement of Activities instead of a Statement of Support, Revenue, Expenses and Changes in Fund Balances.

Which of the Following Financial Statements Is Not Required When