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This question is asking you to explain why the accounting rules for nonprofit financial statements differ in some ways from the statements of businesses. Explain:
This question is asking you to explain why the accounting rules for nonprofit financial statements differ in some ways from the statements of businesses. Explain:
- One interest in information that users of nonprofit financial statements could have that is different from the interest of users of for-profit businesses. Do they care about different aspects of the organization's performance?
- One way that the rules for nonprofit financial statements are designed to help users get this different type of information.
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