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QUESTION

Of particular interest is the contrast of FAS 115 and FAS 124. Why should not-for-profit entities have different guidance from corporate entities?

Of particular interest is the contrast of FAS 115 and FAS 124. Why should not-for-profit entities have different guidance from corporate entities? BONUS QUESTION: Has the Emerging Issues Task Force addressed held-to-maturity investment classification and changes therein?

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