Business Finance
ACC460 Phoenix FASB Private Colleges Reporting Standards Paper

ACC460

University of Phoenix

Question Description

Just need 30-40 word count for this answer

What are basics of GAAP pertaining to categorizing restrictions on net assets for private colleges

Final Answer

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GAAP Restrictions on private colleges and Universities
GAAP only allow for the restrictions for assets in colleges and universities that are not
meant to make profits. GAAP empowers the donors to impose restrictions on tim...

mariam90 (10067)
Boston College

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