Private not-for-profit organizations should have little to no profit.
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Q44: FASB Statement 124, Accounting for Certain Investments
Q45: Private not-for-profits must follow all applicable FASB
Q46: FASB standards require conditional promises to give
Q47: FASB standards require contributions to be recorded
Q48: With respect to the Statement of Cash
Q50: FASB statement 116 requires unconditional pledges of
Q51: A Statement of Functional Expenses is required
Q52: The Statement of Cash Flows for a
Q53: The Statement of Functional expenses presents a
Q54: The AICPA has published two audit and
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