On a statement of functional expenses for a voluntary health and welfare organization, how are expenses classified?

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Quizplus · Accepted Answer

On a statement of functional expenses for a voluntary health and welfare organization, expenses are typically classified into two categories: program services expenses and supporting services expenses. Program services expenses refer to those expenses that relate directly to the organization's mission and purpose, while supporting services expenses refer to those expenses that facilitate the organization's mission and purpose but are not directly related to it. Administrative services expenses and operating expenses are types of supporting services expenses. Health services expenses would typically fall under program services expenses, but they are not the only type of program service expenses. Therefore, option C is the best choice.

On a Statement of Functional Expenses for a Voluntary Health