In accounting for investments, not-for-profits, like businesses, must report their investments at fair value and classify the investments as trading, or available-for-sale, or held-to-maturity.

Question

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Not-for-profits do report their investments at fair value, but they do not classify their investments as trading, available-for-sale, or held-to-maturity, which is a requirement for for-profit entities under U.S. GAAP.

In Accounting for Investments, Not-For-Profits, Like Businesses, Must Report Their