Choice "A" is correct. Not-for-profit reporting guidance included in FASB ASC 958 primarily focuses on basic information for the organization as a whole. The standards establish guidance for general-purpose external financial statements provided by a not-for-profit organization.
Choice "c" is incorrect. Not-for-profit financial statements do not report funds in external financial statements.
Choice "d" is incorrect. The focus of not-for-profit financial statements is on the basic information for the organization as a whole.
Choice "b" is incorrect. Externally published not-for-profit financial statements do not report funds but, instead, focus on the basic information for the organization as a whole.