The 2 articles below is my classmate discussion post can you please give explanation why you agree with the articles below? ( there is two different articles attached below answer them seperate please)

Child Inc is a 501@(3) tax exempt organization. Its fiscal year starts on 1st of May and ends on 30th April each year. In its 2023 annual report F990, the following financial statements are included: Statement of Revenue, Statement of Functional Expenses, Balance Sheet, Reconciliation of Net Assets. The total revenue minus total functional expense is $596969. This amount added the beginning net asset (total net assets and liabilities), net unrealized losses on investments and cumulative effect of accounting change resulted in the ending net assets $3602280. As for the net assets of fund balances, all the net assets are without donor restrictions. According to A-133 independent audit report for 2023 and 2020 (Abip CPAs I Advisors, 2024), nearly 80% of its total revenues, support and investment activity is from federal and local grants. Besides more detailed financial statements than those listed in F990, there are statements of cash flows and notes to financial statements. Overall, this financial statement is more thorough and authoritative in nature. Reference: 1. Child Inc. 2024. 2023-F990. Child Inc | Candid 2. Abip CPAs | Advisors. 2024. Child Inc. financial statements April 30, 2023 and 2022. file:///C:/Users/yvonn/Downloads/2023-04-GSAFAC- 0000019659.pdfShe's First. Audited Annual Report 1. Statement of Financial Position The statement of financial position for She's First is concise. While significant in number compared to reported liabilities, She's first reports only three asset accounts: Cash, Grants and prepaid expenses. Total assets for 2022 was $1,067,608, $836,478 of which was cash. She's First only has liabilities in the form of accounts payable and accrued expenses which are reported as one. Total liabilities were 44,746 for fiscal year 2022. This demonstrated She's Firsts liquidity and ability to not only meet obligations but continue providing services to forward their mission. Net assets are those which the organization does not own but participates in custodial duties to use the money for the doners restricted uses. Net assets with doner restrictions accounted for $359,630 in 2022