Question

Melissa is the Executive Director of a local food bank and is assessing the financial situation of her not-for-profit organization. Melissa uses a(n) _____ to determine whether revenues from contributions and other sources will cover operating costs.a. Statement of cash flows

b. Income statement
c. Balance sheet
d. Accrual accounting

Answer 1

Answer:Option B

Step-by-step explanation:

Income statement is used to access the Financial performance of all organizations which makes it the most suitable answer for the question.