On the Statement of Activities ______.

Fill in the blank(s) with the appropriate word(s).

Answer:
a. direct expenses must be reported by function
b. interest that cannot be identified with a single function should be shown separately

Business

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For which reason does the IRS use the term "key employees"?

A) non-discrimination rules in retirement benefits B) non-discrimination rules in health insurance benefits C) top-heavy provisions in employer-sponsored qualified retirement plans D) top-heavy provisions in employer-sponsored health insurance plans

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In marketing, distribution is the process of sending promotional messages about products to target markets

Indicate whether the statement is true or false

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