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jek_recluse [69]
3 years ago
10

The net asset reclassifications of a nongovernmental not-for-profit organization would be reported on which of the following?

Social Studies
1 answer:
Alenkasestr [34]3 years ago
5 0

Answer: <em>Option (D) is correct</em>

The statement of activities is referred to as the main financial statements of a nongovernmental not-for-profit organization. A nonprofit organization's statement of activities is issued rather than the statement of income which is provided by an organization which looks to maximize profit. This concentrates on the total organization.

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