A private not-for-profit entity has the following expenses for the current year. Research to cure disease...

 

Transcribed Image Text:

A private not-for-profit entity has the following expenses for the current year. Research to cure disease Fundraising costs Work to help individuals with disabilities $60,000 ..... ..... 70,000 40,000 90,000 ..... .... Administrative selaries. How should the not-for-profit entity report these costs? a. Program service expenses of $100,000 and supporting service expenses of S160,000 b. Program service expenses of $160,000 and supporting service expenses of $100,000 c. Program service expenses of $1 70,000 and supporting service expenses of S90,000 d. Program service expenses of $190,000 and supporting service expenses of $70,000 A private not-for-profit entity has the following expenses for the current year. Research to cure disease Fundraising costs Work to help individuals with disabilities $60,000 ..... ..... 70,000 40,000 90,000 ..... .... Administrative selaries. How should the not-for-profit entity report these costs? a. Program service expenses of $100,000 and supporting service expenses of S160,000 b. Program service expenses of $160,000 and supporting service expenses of $100,000 c. Program service expenses of $1 70,000 and supporting service expenses of S90,000 d. Program service expenses of $190,000 and supporting service expenses of $70,000

Answer rating: 100% (QA)

The correct answer would be option C Program service expenses of ... View the full answer