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One simple short paragraphAPA online reference Why should related party transaction be disclosed for a nonprofit organization, aren't we all working towards the common mission in an NPO? What type of...

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One simple short paragraphAPA online reference

Why should related party transaction be disclosed for a nonprofit organization, aren't we all working towards the common mission in an NPO? What type of related party transactions could be harmful to a nonprofit organization?

Answered Same Day Dec 23, 2021

Solution

Robert answered on Dec 23 2021
127 Votes
Related Party Transaction
The transactions that occu
ed between two or more parties that have interlinking relations is
termed as related party transaction.
Related parties are those which have significant influence over the organization. GAAP requires
disclosure of material related party transaction for non – profit organization. Examples of related
parties are contributors who can significantly influence management policies...
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