Maxine is preparing a supplemental note explaining extenuating circumstances related to data reported in a statement of activities. Maxine is completing which type of financial statement?
A) Statement of cash flows
B) Notes to the financial statements
C) Statement of financial position
D) Statement of functional expenses

Question

Quizplus · Accepted Answer

Maxine is preparing a supplemental note, which is typically included in the notes to the financial statements. The other options are different types of financial statements.

Maxine Is Preparing a Supplemental Note Explaining Extenuating Circumstances Related