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Author Question: Nongovernment not-for profit organizations that wish to follow generally accepted accounting ... (Read 54 times)

Zoey63294

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  • Posts: 539
on: Jul 5, 2018
Nongovernment not-for profit organizations that wish to follow generally accepted accounting principles in the preparation of their financial statements should follow
 
  A. FASB standards.
  B. GASB standards.
  C. FASB standards.
  D. AICPA Auditing Accounting Guide Non-Profit Organizations.

Question 2

The year-end balance of the owner's capital account appears in
 a. both the statement of owner's equity and the income statement
  b. only the statement of owner's equity
  c. both the statement of owner's equity and the balance sheet
  d. both the statement of owner's equity and the statement of cash flows


BUTTHOL369

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

c


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