Special issues may exist in the reporting of cash flow, contributions, exchange transactions, pledges, and contributions of service, when not-for-profits are involved. Typical problems encountered by not-for-profits may vary in nature. Discuss answers to the following questions and justify your response:
Discuss the differences between not-for-profit organizations and for-profit and from governmental entities
Discuss the net asset classifications used on the financial statements of not-for-profit organizations.