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Not-for-profit organization and a vhwo

Assignment:

1. How does the accounting industry define a not-for-profit organization and a VHWO?

2. What are the possible types of interfund transactions? Explain.

3. Do you think that a not-for-profit organization's board can release the restrictions on money in a strike fund and use it for General operations? Does it matter if the strike fund is held by a steel workers' union to pay benefits to its members during a strike, versus a fund used by a not-for-profit as a safety reserve in case its workers go on strike?

4. Donations in cash are easy to measure. What is the treatment that not-for-profit organizations use for donated goods and services?

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Business Management: Not-for-profit organization and a vhwo

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