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A not-for-profit organization incurred $10,000 in management and general expenses in the current fiscal year. In the organization's statement of activities prepared in conformity with FASB standards, the $10,000 would be reported as:

Respuesta :

Answer:

The answer is: Supporting services expenses.

Explanation:

It is important to properly list the expenses of a nonprofit organization, this requires the management and categorization of each expense made by the institution. This is mainly required by donors who support the organization, and is a good way to prevent fraud and misuse of the money raised.

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