Private not-for-profits must follow all applicable FASB standards in recording transactions plus specific standards set forth by the FASAB.
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Q37: Private not-for-profit organizations record depreciation expense.
Q38: A Statement of Functional Expenses presents a
Q39: FASB requires multiyear pledges to be recorded
Q40: Fixed assets may be recorded by a
Q41: A Statement of Functional Expenses is required
Q43: With respect to the Statement of Cash
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
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