Which one of the following financial statements is not required by SFAS 117 for a voluntary health and welfare organization?

Question

Quizplus · Accepted Answer

SFAS 117 requires voluntary health and welfare organizations to prepare a Statement of Financial Position, Statement of Activities, and Statement of Cash Flows. The Statement of Functional Expense is also required for these organizations, but the Statement of Operations is not a required financial statement under SFAS 117.

Which One of the Following Financial Statements Is Not Required