The net asset reclassifications of a nongovernmental not-for-profit organization would be reported on which of the following?
a. statement of financial position.
b. statement of functional expenses.
c. statement of cash flows.
d. statement of activities.

Option (D) is correct

The statement of activities is referred to as the main financial statements of a nongovernmental not-for-profit organization. A nonprofit organization's statement of activities is issued rather than the statement of income which is provided by an organization which looks to maximize profit. This concentrates on the total organization.

can you explain a little further maybe give multiple choice? ?

every society, in order to meet the needs of it's people, has to answer three basic questions:

- what should we produce?

- how should we produce it?

- for whom should we produce it?

this questions must be answered in order to, option b, aid in production decisions.

every country can't produce everything, no matter how rich their land is. it may be a matter of technology, resources or geographical conditions. so, these three questions must be resolved in order to get the most of the production of each land.

hope this !