Why the fasb decided this difference was necessary, Accounting Basics

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Why the fasb decided this difference was necessary

Problem

Both not-for-profit organizations and businesses follow reporting guidance from the FASB. However, there is a significant difference in the guidance for reporting the Statement of Cash Flows for business versus not-for-profits. Explain this difference and speculate on why the FASB decided this difference was necessary.

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Accounting Basics: Why the fasb decided this difference was necessary

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Accounting Basics: Why the fasb decided this difference was necessary

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