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Explain the Purpose of FASB ASC 958-720-45 on Joint-Cost Accounting

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Explain the purpose of FASB ASC 958-720-45 on joint-cost accounting as it relates to reporting fund-raising and program expenses of a not-for-profit organization. How is this standard applied?

Explain the purpose of FASB ASC 958-720-45 on joint-cost accounting as it relates to reporting fund-raising and program expenses of a not-for-profit organization. How is this standard applied?

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The purpose of the standard is to provid...

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