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Accounting Guidance for Contributions to Not-for-Profit Groups Is Clarified (ASU No. 2018-08)

Accounting Guidance for Contributions to Not-for-Profit Groups Is Clarified  (ASU No. 2018-08)

On June 21, 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-08 to help determine when income received by a not-for-profit organization should be accounted for as a contribution or an exchange…

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