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Question of the Day: CPA Financial Accounting and Reporting (FAR)
On a not for profit entity's statement of activities, which of the following amounts should not be netted together under any circumstances?
Investment income, custodial fees, and other advisory expenditures
Gains and losses from exchange rates or other foreign currency
Revenues and expenditures from the sale of used equipment
Revenues and expenditures from an annual fundraising campaign
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