Question: QUESTION 35 There are special rules with regard to the recording, classification and reporting of expenses for nonprofit organizations. On the statement of activities of

QUESTION 35 There are special rules with regard to the recording,

QUESTION 35 There are special rules with regard to the recording, classification and reporting of expenses for nonprofit organizations. On the statement of activities of a nonprofit organization, expenses are normally presented in 3 different functional categories. Name the 3 categories, and briefly explain what type of items would go into each category. (6 points)

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