Which of the following organizations would be subject to the accounting and reporting requirements of FASB Statements 116 (Accounting for Contributions)and 117 (Financial Reporting for Not-for-Profit Organizations)?

Question

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FASB Statements 116 and 117 apply to not-for-profit organizations. The International Brotherhood of Electrical Workers is a labor union, not a not-for-profit organization. St. Jude Children's Hospital is a not-for-profit organization, so it would be subject to the accounting and reporting requirements of FASB Statements 116 and 117.

Which of the Following Organizations Would Be Subject to the Accounting