Question

Nongovernment not-for-profit organizations use the following classifications to report expenses in the statement of activities​​​​​​ a....

Nongovernment not-for-profit organizations use the following classifications to report expenses in the statement of activities​​​​​​

a. Management and general and supporting services.

b. Mission critical, non-mission-critical, and discretionary.

c. Changes in net assets without donor restrictions and changes in net assets with donor restrictions.

d. Operating and nonoperating

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Answer #1

a. Management and general and supporting services.

These are commonly known as Functional expenses in NPOs.

Supporting services are also called Fundraising Expenses.

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