The National Kidney Foundation,a voluntary health and welfare organization,is required by GAAP to present an additional operating statement-a statement of functional expenses.What will this statement present?

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The statement of functional expenses is required under GAAP and presents all expenses by function and then by natural or object classification. This means that it breaks down expenses by the activities or functions they support, such as program services, management and general, and fundraising, and then further categorizes them by the type of expense, such as salaries, rent, supplies, etc. This provides more detailed information on how the organization's resources are being used and helps stakeholders better understand the organization's financial performance.

The National Kidney Foundation,a Voluntary Health and Welfare Organization,is Required