Question:How does the income statement of a charity differ from that of a public company? 

A Charities typically have higher overhead expenses such as management wages 
B Charities produce a similar report which shows funding sources, and program expenses and other commitments 
C Charities do not generate cash via a revenue model, and do not produce any statements 
D Charities report each donation as taxable income 

+ Answer
B 

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Md. Habib Ullah

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