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How are inter-fund transfers reported on financial report

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Reference no: EM133015004

Question -

-Why would a government entity transfer money from one fund to another? How are the inter-fund transfers reported on a financial report?

-Do you think that nonprofit organizations have an advantage over private organizations because of the tax exemptions? Please explain.

-Why is it important for non-profit organizations to make classifications for their net assets like the requirements for FASB Statement #117? Who benefits from these classifications?

Reference no: EM133015004

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