Which of the Following Is True Regarding the Statement of Activities

Multiple Choice

Which of the following is true regarding the Statement of Activities for nongovernmental,not-for-profit organizations?

A) FASB requires that the change in net assets be reported, for each of the net asset classes and in total.
B) Information for the Statement of Activities may be presented in two statements: Statement of Revenues, Expenses, and Changes in Unrestricted Net Assets, and Statement of Changes in Net Assets.
C) Both of the above.
D) Neither of the above.