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FASB ASC Guide > FASB ASC 954

The Financial Accounting Standards Board (FASB) released Accounting Standards Codification 954 (ASC 954) to address topics related to Health Care entities. As those entities in the health care industry generally have unique transactions and business models from other industries, there are certain set standards which each company must conform to whether a not-for-profit or for-profit model. Specifically, transactions called Contributions are discussed in depth.

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