The FASB standards require not-for-profit entities to report net assets in three categories: unrestricted, restricted, and net investment in capital assets.
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Q2: The Governmental Accounting Standards Board (GASB) is
Q3: The FASB, GASB, and FASAB all focus
Q4: The Financial Accounting Standards Board (FASB) is
Q5: The Federal Accounting Standards Advisory Board (FASAB)
Q6: Interperiod equity refers to the concept that
Q8: The GASB provides optional guidance for those
Q9: Since neither governments nor not-for-profit entities have
Q10: The needs of users of government financial
Q11: The Governmental Accounting Standards Board (GASB) is
Q12: Providing information on accountability is the primary
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