The FASB requires that support from special events, if related to the central ongoing and major activities of the organization, and related direct costs, be reported at their gross amounts in the statement of activities.
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Q2: Under current accounting and reporting standards, nongovernmental
Q3: GAAP for nongovernmental not-for-profit organizations is set
Q4: The FASB requires not-for-profit organizations to report
Q5: Examples of organizations that can be either
Q6: Under FASB standards, expenses of a not-for-profit
Q8: The FASB requires that the purchase of
Q9: The FASB generally requires that not-for-profit organizations
Q10: The FASB requires not-for-profit to prepare a
Q11: Donor-imposed restrictions must be clearly reflected in
Q12: Board-designated net assets are net assets with
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