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Select one of the following nonprofit organizations: 1.The American Accounting Association 2.American Red Cross 3.United Way 4.American Cancer Society 5.American Institute of CPAs Use the

Select one of the following nonprofit organizations: 1.The American Accounting Association 2.American Red Cross 3.United Way 4.American Cancer Society 5.American Institute of CPAs Use the Annual Report of the organization you have selected to: a. Identify the financial statements that the entity presents and what additional disclosure it presents. b. Analyze how contributions are recognized (contributions revenues). *Does the organization have net assets with restrictions imposed by donors? *What is the nature of the restrictions?

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