Which of the Following Is Not True of a Statement

Multiple Choice

Which of the following is not true of a Statement of Activities prepared for a private not-for-profit organization?

A) Expenses are shown only as decreases in unrestricted net assets.
B) Reclassifications for expiration of time restrictions are shown in the revenues and support section.
C) Unrealized gains or losses on investments are shown only as increases in unrestricted net assets.
D) Expenses are classified by function within the categories of Program Services and Supporting Services either in the Statement or the notes.