Answer the following questions regarding financial reporting by private not-for-profit organizations.
1) What are the financial statements required for all private not-for-profit organizations?
2) What organizations are required to present a Statement of Functional Expenses?
3) What are the three classes of Net Assets?

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The Answer of Answer the following questions regarding financial reporting by private not-for-profit organizations.
1) What are the financial statements required for all private not-for-profit organizations?
2) What organizations are required to present a Statement of Functional Expenses?
3) What are the three classes of Net Assets?

Answer the Following Questions Regarding Financial Reporting by Private Not-For-Profit