5. Which of the following statements is true? a. All not-for-profit organizations must include a statement of functional expenses. b. Donor-restricted contributions whose restrictions have been met in...

5. Which of the following statements is true?

a. All not-for-profit organizations must include a statement of functional expenses.

b. Donor-restricted contributions whose restrictions have been met in the reporting period may be reported as unrestricted support.

c. Statements should focus on the individual unrestricted and restricted funds of the organization.

d. FASB ASC 958-605 contains requirements that are generally more stringent than those relating to for-profit organizations.