Private not-for-profits use the modified accrual basis and do not record fixed assets or long-term debt.
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Q5: The AICPA Not-for-Profit Organizations Not-for-Profit Guide) applies
Q6: If a private not-for-profit fails to comply
Q7: Contributions to a private not-for-profit may not
Q8: The FASB requires private not-for-profit organizations to
Q9: Private not-for-profits use record encumbrances to maintain
Q11: Currently, FASB standards assure that not-for-profit financial
Q12: Examples of voluntary health and welfare organizations
Q13: Contributions to a private not-for-profit are recorded
Q14: The FASB requires private not-for-profit organizations to
Q15: Country clubs and labor unions are not
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