Question

The mission of the not-for-profit organization, Save Our Butterflies Foundation, is to provide research and education concerning the conservation of butterflies. Which of the following expenses would be reported as a support expense by the Foundation? A. The cost of printed materials distributed to the local elementary schools on how to start butterfly gardens.

B. The cost of printing and distributing its annual report.
C. The costs of depreciation on it butterfly facility.
D. The costs of exhibiting at the local Nature Conservancy annual fair held for the general public.

Answer 1

B. The cost of printing and distributing its annual report.

Step-by-step explanation:

The FASB (Financial Accounting Standards Board) is a private, non-profit organization in the United States whose primary purpose is to establish and improve generally accepted accounting principles in the public's interest.

Under FASB, a mission Save Our Butterflies Foundation has been implemented to educate people regarding the conservation of butterflies. The cost of printing and distributing its annual report would be reported as a support expense by the Foundation.