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Historically, what pattern of reporting was used by private not-for-profit entities? 1.The same as used...

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Accounting

Historically, what pattern of reporting was used by private not-for-profit entities?

1.The same as used with respect to for-profit entities.

2. Reporting that utilizes a fund accounting approach.

3. A pattern of reporting that does not consider the entire entity.

A. 1 only

B. 1, 2, and 3.

C. 2 and 3 only.

D. 2 only.

E. 1 and 2 only.

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