The GASB has the authority to establish accounting and financial reporting standards for state and local governments and private sector not-for-profit organizations.
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Q6: According to FASB Statement 124,Accounting for Certain
Q7: A private not-for-profit reports expenses in either
Q13: Contributions to a private not-for-profit are recorded
Q14: The FASB requires private not-for-profit organizations to
Q19: Contributions of assets other than cash to
Q20: Accounting practices of private sector not-for-profit organizations
Q24: Under FASB Statement No.116,multiyear pledges are to
Q24: If fixed assets are recorded as temporarily
Q32: Assets that are restricted by an organization's
Q40: Fixed assets may be recorded by a
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