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Molko, a community foundation, incurred $10,000 in management and general expenses during Year 4. In Molkos statement of activities for the year ended December 31,
Molko, a community foundation, incurred $10,000 in management and general expenses during Year 4. In Molkos statement of activities for the year ended December 31, Year 4, the $10,000 should be reported as A. A direct reduction of fund balance. B. Part of program services. C. Part of supporting services. D. A contra account to offset revenue.
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