Chapter 19, Problem 19.18Q

To determine

Accounting for other Not-for-profit organizations (ONPO): the guidelines for financial reporting in case of ONPO is issued by ASC 958 similar to voluntary health and welfare organizations. In addition to the FASB standards, the AICPA audit guide for Not-for-profit organizations provides guidance of accounting and financial reporting standards of ONPOs.

To explain: Accounting treatment of donations received by ONPO.