Prompt: Consider that a company is a nonprofit entity and a governmental entity. Discuss the reporting requirements for each and how they differ from a for-profit entity.
A. Explain how you would address compliance with GAS in nonprofit and governmental financial statements.
B. Explain how the analysis of nonprofit and governmental financial statements differs from analysis of traditional financial statements. Provide examples to support your response.
C. Compose example financial statements for your company as a nonprofit entity and as a governmental entity. Ensure all information is entered accurately and the statements are compliant with GAS.