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Name four financial statements needed for nfp entities

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Reference no: EM132965976

Problem 1. What are the three characteristics that distinguish a not-for-profit (NFP) entity from a business entity?

Problem 2. Identify three critical differences between private NFP vs. for-profit businesses that impact financial reporting.

Problem 3. Name four financial statements needed for NFP entities and briefly describe the purpose.

Reference no: EM132965976

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