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Question of the Day: CPA Financial Accounting and Reporting (FAR)
On a not for profit entity's statement of activities, which of the following amounts should not be netted together under any circumstances?
Investment income, custodial fees, and other advisory expenditures
Revenues and expenditures from the sale of used equipment
Revenues and expenditures from an annual fundraising campaign
Gains and losses from exchange rates or other foreign currency
Ping
Certified Tutor
Certified Tutor
The University of Texas at Dallas, Bachelor of Science, Computer Science. University of North Texas, Master of Arts, Education.
Joseph
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Certified Tutor
Bank Street College of Education , Master's/Graduate, Early Childhood and Childhood General Education.
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