According to FASB 124 (ASC 958),not-for-profit entities should report investments in the financial statements at:
I.fair market value.
II.lower of cost or market.

Question

Quizplus · Accepted Answer

According to FASB 124 (ASC 958), not-for-profit entities should report investments at fair market value in their financial statements. Lower of cost or market is not applicable for reporting investments for not-for-profit entities under this standard.

According to FASB 124 (ASC 958),not-For-Profit Entities Should Report Investments