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    Advanced Financial Accounting Study Set 1
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    Exam 10: Financial Reporting for Not-For-Profit Organizations
  5. Question
    For NFPs with a GAAP Constraint, the CICA Handbook ________
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For NFPs with a GAAP Constraint, the CICA Handbook ________

Question 39

Question 39

Multiple Choice

For NFPs with a GAAP constraint, the CICA Handbook ________.


A) permits disbursement basis accounting
B) permits disbursement or expense basis accounting
C) requires expenditure basis accounting
D) requires expense basis accounting

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