What are the issues related to reporting operating income? Consider: Contributions and bequests, Gifts, Investment gains and
Question:
Why might different types of educational institutions report operating income differently?
Which accounting standards apply to educational institutions? Consider: FASB requirements, GASB requirements, and NACUBO guidelines.
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Since the primary motive is not to earn profit but to f...View the full answer
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Related Book For 
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
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