Reference no: EM132537238

Question - Cathleen Hallmark, president of the save-the-professor foundation, a non-for-profit, spends 80 percent of her time on presidential and board-related duties, which half of that time is also spent fundraising. She spends the remaining 20 percent of her time working on mission-oriented activities. On the statement of activities, Cathleen Hallmark's salary and benefits: A. Should all be recognized as management and general expenses. B. Should be subdivided as half in fundraising and half in management and general expenses. C. Should be subdivided as 20 percent in program expenses, 40 percent in management and general, with the remainder in fundraising expenses. D. Can never be allocated to program expenses.

Required -

A. Should all be recognized as management and general expenses?

B. Should be subdivided as half in fundraising and half in management and general expenses.

C. Should be subdivided as 20 percent in program expenses, 40 percent in management and general, with the remainder in fundraising expenses

D. Can never be allocated to program expenses.