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Birdlovers, a nongovernmental not-for-profit entity, incurred $5,000 in management and general expenses during the year. In Birdlovers' statement of activities for the year ended December
Birdlovers, a nongovernmental not-for-profit entity, incurred $5,000 in management and general expenses during the year. In Birdlovers' statement of activities for the year ended December 31, the $5,000 should be reported as A direct reduction of net assets. A contra account offsetting revenue and support. Part of program services. Part of supporting services
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