Expenditures, encumbrances, and budgetary accounts are used by private not-for-profit organizations.
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Q17: The financial statements of private not-for-profits are
Q18: A Statement of Functional Expenses is required
Q19: Contributions of assets other than cash to
Q20: Accounting practices of private sector not-for-profit organizations
Q21: Donated services should be considered revenue if
Q23: A private not-for-profit reports expenses in either
Q24: If fixed assets are recorded as temporarily
Q25: All contributed services are recognized as revenue.
Q26: The FASB requires private not-for-profit organizations to
Q27: Cash flows must be presented separately in
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