Question: Gamma Pi, a private nonprofit fraternal organization, should prepare a statement of financial position and which of the following financial statements? I. Statement of activities.

Gamma Pi, a private nonprofit fraternal organization, should prepare a statement of financial position and which of the following financial statements?

I. Statement of activities.

II. Statement of changes in fund balances.

III. Statement of cash flows.

a. I, II, and III.

b. III only.

c. II and III.

d. I and III.

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