Question: This question is asking you to explain why the accounting rules for nonprofit financial statements differ in some ways from the statements of businesses. Explain:

This question is asking you to explain why the accounting rules for nonprofit financial statements differ in some ways from the statements of businesses. Explain:

  1. One interest in information that users of nonprofit financial statements could have that is different from the interest of users of for-profit businesses. Do they care about different aspects of the organization's performance?
  2. One way that the rules for nonprofit financial statements are designed to help users get this different type of information.

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