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Guidance in a for-profit and not-for-profit organization


Question 1: What are the differences in reporting guidance in a for-profit and not-for-profit organization?

Question 2: What are the similarities in reporting guidance for the above?

Question 3: How do these differences and similarities affect the comparability of financial reports?

Question 4: Should these reports be comparable? Why or why not?

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Accounting Basics: Guidance in a for-profit and not-for-profit organization
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