Under GASB and FASB standards health care entities would apply the same criteria for recognizing and reporting donated services.

Name: Under GASB and FASB standards health care entities would apply the same criteria for recognizing and reporting donated services.
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GASB has no provisions for recognizing donated services. As a result, donated services are not reported under GASB standards. However, donated services meeting the FASB criteria are recognized and reported by nongovernmental not-for-profits.

Under GASB and FASB Standards Health Care Entities Would Apply