Question
A complete set of general-purpose external financial statements issued by a nongovernmental not-for-profit entity must include A. Statements of financial position as of the beginning
A complete set of general-purpose external financial statements issued by a nongovernmental not-for-profit entity must include
A. Statements of financial position as of the beginning and end of the reporting period, a statement of cash flows, and a statement of activities.
B. A statement of financial position as of the end of the reporting period and a statement of revenues, expenditures, and changes in fund balances.
C. A statement of financial position as of the end of the reporting period, a statement of cash flows, and a statement of activities.
D. Statements of financial position as of the beginning and end of the reporting period, comparative statements of cash flows, and comparative statements of activities.
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