Which of the Following Statements Isnot Accurate with Respect to the Recording

Multiple Choice

Which of the following statements isnot accurate with respect to the recording of expenses for a not-for-profit?

A) Expenses are measured on the accrual basis.
B) The FASB requires expenses to be reported by function or program in the Statement of Activities.
C) The FASB requires expenses to be classified as program or supporting.
D) Expenses are reported in the unrestricted net asset class.