3. Differentiate between public support and revenues as sources of assets for private not-for-profit organizations. What benefit is there in accounting for these differently? 4. Explain the accounting...

3. Differentiate between public support and revenues as sources of assets for private not-for-profit organizations. What benefit is there in accounting for these differently?

4. Explain the accounting for funds received by an organization acting as an agent, a trustee, or an intermediary, rather than as a donor or donee. What might be the reasoning for the differences?