11/02/2020
FASB Issues Guidance On Presentation and Disclosures By Not-for-Profit Entities For Contributed Nonfinancial Assets
The FASB has recently issued ASU 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. Prior to ASU 2020-07, there were no specific disclosure requirements for contributed nonfinancial assets other than for contributed services.