Which of the following statements is correct regarding reporting of special events and related direct costs under current FASB standards?

Which of the following statements is correct regarding reporting of special events and related direct costs under current FASB standards?

Which of the following statements is correct regarding reporting of special events and related direct costs under current FASB standards? 

Ans. Special events and related direct costs must be reported separately at their gross amounts if they relate to the ongoing major operations of an NPO.