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    Advanced Accounting Concepts and Practice
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    Exam 26: Not-For-Profit Organizations: Introduction and Private Npos
  5. Question
    Under FAS 117, Private Nonprofit Organizations Must Present Financial Statements
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Under FAS 117, Private Nonprofit Organizations Must Present Financial Statements

Question 1

Question 1

True/False

Under FAS 117, private nonprofit organizations must present financial statements that focus on the nonprofit organization as a whole.

Correct Answer:

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