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FASB Clarifies Accounting for Not-For-Profit Grants and Contributions

by MICPA | Jun 26, 2018   ()

FASB Clarifies Accounting for Not-For-Profit Grants and Contributions

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update, which clarifies whether certain transactions should be characterized as contributions or exchanges.

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Source: MICPA
Source: MICPA

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