Form and Content of Not-for-Profit Financial Statements
“Form and Content of Not-for-Profit Financial Statements” Please respond to the following:
In Chapter 12 of the textbook, we explore the form and content requirements of financial statements of not-for-profit entities, as described by Financial Accounting Standards Board (FASB) Statement No. 117.
Identify and research one (1) not-for-profit organization and provide the Web link to the most recent financial report of the organization. The organization identified should include business and investment activities.
Contrast the treatment of business type activities in the financial report of the not-for-profit entities and governments.
Identify one (1) significant difference in accounting for investments by the not-for-profit and the for profit business.
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