Question

The FASB requires for-profit entities to classify their investments as trading, available-for-sale, or held-to-maturity. However, it does not require not-for-profit entities to do the same. What might be the reasoning for this difference in requirements? Which approach is more beneficial to the readers of the financial statements of a not-for-profit organization? Why?


$1.99
Sales2
Views77
Comments0
  • CreatedApril 13, 2015
  • Files Included
Post your question
5000