In Research Assignment #5, you should answer the question posed in Understanding the Issues, Chapter 18 #2.As you will learn, the FASB passes standards applicable to for-profit entities on how to classify their investments; however, this requirement is not required for not-for-profit entities.

1.Research the FASB standards (Section 958) for information to answer this question.

2.Describe why FASB is over the not-for-profit world in their FASB Codification database.

3.In all, write a minimum of two pages (double spaced), and provide citations from the FASB database.

2. The fasb requires for-profit entities to classify their their investments as trading, available-for-sale, or held-to-maturity. however, it does not require not-for profit organizations to do the same. what might be the reasoning for this difference in requirements? which approach might be more beneficial to the readers of the financial statements of a not-for-profit organizations? why?