Intermediate Accounting Volume I Canadian Edition, Chapter 1, CA 1-5

CA1-5 Save the Trees (STT) is a not-for-profit orga- nization whose mandate is to keep our cities green by planting and looking after trees. STT is primarily funded by government grants and must comply with a significant number of criteria in order to obtain additional funds. One such requirement is that the entity prepare financial statements in accordance with GAAP. Instructions (a) Identify who the stakeholders are in this case and explain why they are stakeholders. (b) Which GAAP should the entity follow and why