One of the Major Objectives of FASB 117 Is to

question 96

Multiple Choice

One of the major objectives of FASB 117 is to

• A)emphasize the different fund structures that currently exist for all private,nonprofit organizations.
• B)change the reporting for governmental organizations so that their reporting is comparable to that of private,nonprofit organizations.
• C)report combined financial statements,instead of individual fund financial statements,for all private,nonprofit organizations.
• D)bring about greater uniformity in the financial statements of all private,not-for-profit organizations.