Historically, what pattern of reporting was used by private not-for-profit entities?The same as used with respect to for-profit entities.Reporting that utilizes a fund accounting approach.A pattern of reporting that does not consider the entire entity.
A) 1 only.
B) 2 only.
C) 1 and 2 only.
D) 1, 2 and 3.
E) 2 and 3 only.

Question

Quizplus · Accepted Answer

Historically, private not-for-profit entities used a fund accounting approach (2) and often did not consider the entire entity in their reporting (3).

Historically, What Pattern of Reporting Was Used by Private Not-For-Profit