ACC460 Phoenix FASB Private Colleges Reporting Standards Paper

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raxuna

Business Finance

ACC460

University of Phoenix

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

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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...

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