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Consider FASB standards for reporting by private not-for-profit organizations and answer the following: a. What are the financial reports required of all not-for-profits? What additional
Consider FASB standards for reporting by private not-for-profit organizations and answer the following:
a. What are the financial reports required of all not-for-profits? What additional disclosures are required?
b. List the two classes of net assets.
c. Outline the accounting required for property and equipment, including those classified as collections.
d. Outline accounting and reporting for investments.
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