Final answer:
The FASB requires that support from special events, if related to the central ongoing and major activities of the organization, and related direct costs, be reported at their gross amounts in the statement of activities.
Step-by-step explanation:
The correct answer is A. True. According to the Financial Accounting Standards Board (FASB), if support from special events is related to the central ongoing and major activities of the organization, and related direct costs, it should be reported at their gross amounts in the statement of activities. This means that any revenue generated from special events, along with the direct costs associated with those events, should be recorded separately and shown at their full amounts in the financial statements.