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Non for Profit Organization: Susan G. Komen
- Compare the organization's reporting of pledges and contributions to its reporting of exchange transactions. How should they be recorded and subsequently reported in the financial statements.
250 words
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Attached.
Running head: SUZAN K.KOMEN FINANCIAL REPORTING
Suzan Komen Financial Reporting
Student’s Name
Institution
Date
1
SUZAN K.KOMEN FINANCIAL REPORTING
2
Suzan Komen Financial Reporting
The Suzan G. Komen reported their pledges and contribution to its exchange transaction
for the year ended 2017 using the guideline given in the FASB116 which is the main accounting
standard for reporting revenue but not exchange transaction like a grant. The main mistake the
company Accountant did is th...
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