Question

Question 8 Not yet answered Marked out of 1.00 P Flag question Statement of functional expenses Mighty Big Museum, a nongovernmental not-for-profit organization, had the following balances in its statement of functional expenses: Education $300,000 Fundraising 250,000 Management and general 200,000 Research 50,000 What amount should Mighty Big Museum report as expenses for support services? $350,000 $450,000 $500,000 $800,000

Answer 1

Ans 8

B. 450,000

Explanation: Support services for not-for-profit organizations include the following: management, general administration, fund-raising, and membership development. In this case, support services total $450,000.

Ans 10

C

Reason:-

Unrestricted cash is part of operating activity

Restricted cash is part of financing activity.

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